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<blockquote data-quote="Jaysen" data-source="post: 7266" data-attributes="member: 1"><p>I'm afraid I'm not sure what a common route is. I don't think shareholders have a great recourse if they want damages - I recall a few cases where the courts were pretty reluctant to interfere with directors' decision making.</p><p></p><p>Another option I didn't mention is suing for breach of contract. I don't know how popular this is, but shareholders can sue a director for a breach of the articles of association. </p><p></p><p>On a slightly unrelated note - you may have seen the CEO of Debenhams was voted off the board today: <a href="https://www.bbc.co.uk/news/business-46829442" target="_blank">https://www.bbc.co.uk/news/business-46829442</a>. That's probably one of the most popular actions an unhappy shareholder will take.</p></blockquote><p></p>
[QUOTE="Jaysen, post: 7266, member: 1"] I'm afraid I'm not sure what a common route is. I don't think shareholders have a great recourse if they want damages - I recall a few cases where the courts were pretty reluctant to interfere with directors' decision making. Another option I didn't mention is suing for breach of contract. I don't know how popular this is, but shareholders can sue a director for a breach of the articles of association. On a slightly unrelated note - you may have seen the CEO of Debenhams was voted off the board today: [URL]https://www.bbc.co.uk/news/business-46829442[/URL]. That's probably one of the most popular actions an unhappy shareholder will take. [/QUOTE]
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