General under the Corporations, as with the former removal provisions under the Corporations Law before the clear reforms in different statutory provisions apply depending on whether it is a proprietary company or public company wishing to remove a director from managing the corporation. The philosophy behind these statutory procedures is that of shareholder control–that is, members of the company should have the power to remove directors so that directors do not become entrenched in their positions. Shareholders must have ultimate control over the composition of the board so that the separation of ownership and control within the company is effective Proprietary companies before the clear reforms, there was no statutory removal provision applying to proprietary companies, and therefore proprietary companies needed to individualize removal procedures in the company’s constitution, usually by adopting of the former Corporations Law which contained a general removal provision applicable to both public and proprietary companies.
Removal provisions under the corporations
Office Removal Companies London Compensation or damages after statutory removal another question which has caused some uncertainty is whether directors of public companies who are removed following the procedures outlined in the Corporations Act are still entitled to compensation or damages due to being removed. Law, and is not dependent upon any statutory provision. As was noted in the earlier article, if there is not a statutory provision providing for compensation or damages upon removal, a director’s right to compensation or damages should be determined in terms of general law principles anyway. Although the statutory