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Nairaland Forum / Nairaland / General / Investment / Can The Board Of Directors Fire The Owner Of A Company? (38083 Views)
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Re: Can The Board Of Directors Fire The Owner Of A Company? by EdoAirline: 6:52pm On Jun 06, 2021 |
Doesn't happen much in Nigeria.... Look at it from this Perspective.... The NASS has the power to Impeach Buhari.... But they can't do it....Do you know why?? You guessed right.....It's because we are in United Aboki Republic ( UAR ) 2 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by tutudesz: 6:52pm On Jun 06, 2021 |
Avoid such situations, don't take your company to stock exchange it better to be a millionaire and control your company, than to be a billionaire and lose control 11 Likes
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Re: Can The Board Of Directors Fire The Owner Of A Company? by wwwihy: 6:52pm On Jun 06, 2021 |
Freestainworld: |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Saint99: 6:52pm On Jun 06, 2021 |
Yes it happened to Steve Job of Apple 8 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Bisshop123(f): 6:52pm On Jun 06, 2021 |
This kind thing fit happen for niaja? |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Theicecode(m): 6:52pm On Jun 06, 2021 |
If you have a larger share than the BOD, it's not possible 5 Likes 1 Share |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Karleb(m): 6:53pm On Jun 06, 2021 |
Kobicove: Funny thing is, most founders are the most suitable for the job. When Steve job was sacked, they had to call him back because the company was declining. Most investors don't know jack shiit about the company they're investing in. All they care about is profit. Most don't even know how to invest because they still hire people to do their investments. The only thing they have is the power of money. 14 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by oluwasegun007(m): 6:53pm On Jun 06, 2021 |
If the shares of the chairman is not the largest. Except if you state on the agreement that nobody gets more than 50% shares, that way you are in control... 8 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Lexusgs430: 6:53pm On Jun 06, 2021 |
Thunder fire them..... |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Lamasta(m): 6:53pm On Jun 06, 2021 |
Yes I can do that single handedly |
Re: Can The Board Of Directors Fire The Owner Of A Company? by aybabz101: 6:54pm On Jun 06, 2021 |
f |
Re: Can The Board Of Directors Fire The Owner Of A Company? by BruncleZuma: 6:54pm On Jun 06, 2021 |
Yes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by SweetVibe: 6:54pm On Jun 06, 2021 |
I |
Re: Can The Board Of Directors Fire The Owner Of A Company? by iampeterben(m): 6:54pm On Jun 06, 2021 |
Yes oh very possible |
Re: Can The Board Of Directors Fire The Owner Of A Company? by ceaser: 6:55pm On Jun 06, 2021 |
They almost did that to Mark Zuckerberg of Facebook about 2 years ago. It was done to Steve Jobs of apple Inc, although he was recalled to head the company again after a few years. In Nigeria though, it can never happen for now. 8 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by naijadrivablog: 6:55pm On Jun 06, 2021 |
Re: Can The Board Of Directors Fire The Owner Of A Company? by bluefilm: 6:55pm On Jun 06, 2021 |
Casper21: Of course. I think I read somewhere that something like that happened to Steve Jobs of Apple Inc. He got fired. Then he went and started another company. Then his new company bought the old company that fired him. 12 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by DonCandido(f): 6:55pm On Jun 06, 2021 |
Casper21: YES
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Re: Can The Board Of Directors Fire The Owner Of A Company? by Nobody: 6:55pm On Jun 06, 2021 |
Mandesz:Be like say you no Sabi wetin shares be. 9 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by DaddyGngeess(m): 6:56pm On Jun 06, 2021 |
Premiumwriter2: Hahahaha 1 Like |
Re: Can The Board Of Directors Fire The Owner Of A Company? by naijadrivablog: 6:56pm On Jun 06, 2021 |
Shareholders are different from Directors. In most Nigerian companies, the CEO is also a shareholder (highest shares). 8 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by omonnakoda: 6:56pm On Jun 06, 2021 |
Don't be lazy do some research instead of creating silly threads upandan DEFINE OWNER |
Re: Can The Board Of Directors Fire The Owner Of A Company? by naijadrivablog: 6:57pm On Jun 06, 2021 |
thebosstrevor1: In my company, I hold the major shares. 3 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Nobody: 6:58pm On Jun 06, 2021 |
LagbajaTheBEREAN: If you want to grow very big, sole proprietorship is not the way to go. Anyway, if you are scared of partnership, just give yourself the controlling interest in your holding company. 7 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by RightToReject(m): 6:58pm On Jun 06, 2021 |
Yes, if the majority share - more than half - of the company isn't in your control directly or indirectly. The day you lose grip of the skeleton of your company automatically marks the day you have one of your legs outside the company. 7 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by tutudesz: 6:58pm On Jun 06, 2021 |
oluwasegun007:If you list your company on stock exchange, you can only keep 20% of the company shares 5 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by UnabashedIPOB: 6:59pm On Jun 06, 2021 |
The question “Can the board of directors fire the owner?” The answer is ABSOLUTELY yes, as far as in countries that follow the rule of CORPORATE LAW! The Board of Directors are the ones who actually run the companies albeit that the CEO runs the day to day activity. 6 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Ofodirinwa: 6:59pm On Jun 06, 2021 |
yes the board can. the board is the owner even if they're not the founder 5 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by meobizy(f): 6:59pm On Jun 06, 2021 |
A company can grow bigger than the CEO. There's no new idea under the sun. If you can think it then another person can grow it better. Africans can't see past their nose so try their best to stifle innovative minds. Many companies here, if situated in developed nations, will face a swift removal of their founding fathers. 7 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Futuragetty: 6:59pm On Jun 06, 2021 |
Yes, It's possible however there is a way to be in-charge in running the affairs of a company from inception to dissolution. 1) Appoint yourself a life director, have majority of shareholding. |
Re: Can The Board Of Directors Fire The Owner Of A Company? by ecomalchemist(m): 7:00pm On Jun 06, 2021 |
Whatever happens, make sure you are toolied with your glock 40. |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Nobody: 7:00pm On Jun 06, 2021 |
. 3 Likes |
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