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In this video tutorial, the focus is on the process of removing a director or shareholder in small and medium-sized enterprises (SMEs). It highlights that in many SMEs, directors and shareholders often overlap, making removal challenging. The legal positions of directors—considering their roles as directors, employees, and shareholders—must be assessed. The company’s articles should be reviewed for provisions regarding removal. A director can be removed at a shareholders' meeting with 28 days' notice and a 51% majority vote, although challenges may arise if the chairperson has a casting vote. Additionally, the company may seek to remove a director for breaching their duties, leading to potential claims for repayment to the company.
