RE: Powered by Proton Motor21 Jan 2020 13:22
There is no formal procedure for shareholders to challenge a resolution passed by the board of directors. However, shareholders holding 75% or more of the voting rights of the company can direct the board to take certain actions such as appointing or removing a director. The shareholders can require the directors to call a general meeting and will then be able to pass a resolution.
Shareholders who are not satisfied with a decision of the board, or are aware that the required procedures or legal requirements were not followed (for example, the declaration of a director's interest in the matter under discussion was not declared), should raise the issue with the chairman or other appropriate board member (such as the senior independent director in a listed company).