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Nairaland Forum / Nairaland / General / Investment / Can The Board Of Directors Fire The Owner Of A Company? (38084 Views)
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Re: Can The Board Of Directors Fire The Owner Of A Company? by 30naira: 11:15pm On Jun 06, 2021 |
Premiumwriter2: It ll be difficult to get serious investors with this contract 1 Like |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Nellsworld(m): 11:16pm On Jun 06, 2021 |
phazotron:Meaning u don't want to be a billionaire and don't want ur business to live beyond 50yrs 2 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by HallaDaTruth: 11:17pm On Jun 06, 2021 |
Tony142: Never sell shares at all. Forget all those Coporate world crap. Grow with time. Don't sell shares because you want to be big overnight. I would rather own a medium company and provide the best services i can and keep my shares 100% that own a mega company in partnership with anybody. You can't trust humans these days 3 Likes 1 Share |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Nellsworld(m): 11:20pm On Jun 06, 2021 |
phazotron:There are some shareholders that want to exist the business, so the company buys it back |
Re: Can The Board Of Directors Fire The Owner Of A Company? by HallaDaTruth: 11:20pm On Jun 06, 2021 |
Nellsworld:its not always the case. Read about the rothchilds, all their companies have been in their bloodlines for years. It all started with one man. Never sell shares. How will i hustle and finally blow. Then one employee that came one day to my office to beg for a job with his cv in hand now fire me one day. I won't be stupid enough to make that mistake. I don't mind growing the company into a big one with time. The story of arik air today is a reason i will never sell even 1% of my shares. 2 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Tony142: 11:22pm On Jun 06, 2021 |
HallaDaTruth: I swear 2 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by bullykay: 11:22pm On Jun 06, 2021 |
Premiumwriter2: Do you understand that to own 60% means you are also bringing in some funds that equates to that share. 1 Like |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Nellsworld(m): 11:22pm On Jun 06, 2021 |
HallaDaTruth:Smart founders always give a room for exist plan for their investors by putting a clause of purchasing the company's shares back 1 Like |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Tony142: 11:23pm On Jun 06, 2021 |
HallaDaTruth: 1%? Your own is even good, me i will not even see 0% 1 Like 1 Share |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Nellsworld(m): 11:25pm On Jun 06, 2021 |
HallaDaTruth:They actually sold their shares, cos it is a company, but they bought it back with time, and expanded |
Re: Can The Board Of Directors Fire The Owner Of A Company? by phazotron(m): 11:27pm On Jun 06, 2021 |
Nellsworld: Adenuga no be billionaire Abi? Glo don close? Bros no be until you go public before you be billionaire No be until you go public to last very long We have private organizations doing very well Chi, tgi, etc |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Nellsworld(m): 11:28pm On Jun 06, 2021 |
HallaDaTruth:Ur shareholders are investors that partnered into ur vision and mission, but it is left for u to know hw to draw up an exit plan for thos investors so u can re-buy ur shares, or u can sell off that business, make fat cash and start up another |
Re: Can The Board Of Directors Fire The Owner Of A Company? by phazotron(m): 11:28pm On Jun 06, 2021 |
Nellsworld: That's if the investors are ready to cash out....but what of a scenario where shareholders aren't willing to sell? 2 Likes |
Re: Can The Board Of Directors Fire The Owner Of A Company? by phazotron(m): 11:30pm On Jun 06, 2021 |
30naira: Not possible. If you have a solid product and solid plan, investors will come on board 40% is a sizeable amount of shares in a company. No serious investor who sees a viable company and product will reject 40% |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Nellsworld(m): 11:30pm On Jun 06, 2021 |
phazotron:Yes glo is a public, chi is a limited liability company, meaning they ve shareholders, Adenuga don't ve up to 50% of his company's share |
Re: Can The Board Of Directors Fire The Owner Of A Company? by phazotron(m): 11:31pm On Jun 06, 2021 |
HallaDaTruth: Leave bros. As if Glo is on stock exchange. Some of the largest companies in Nigeria arent even listed on the stock exchange. 1 Like 1 Share |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Nellsworld(m): 11:32pm On Jun 06, 2021 |
phazotron:Then u sell off big and start a new, now u got the cash to build and put ur children and wife as shareholders |
Re: Can The Board Of Directors Fire The Owner Of A Company? by phazotron(m): 11:32pm On Jun 06, 2021 |
Nellsworld: You're confusing it Glo is private limited liability company ltd Zenith Bank is public limited liability company plc Zenith is on Nigeria stock exchange Glo is not even though both have shares Ones shares can be traded by the public ones shares cant |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Nellsworld(m): 11:34pm On Jun 06, 2021 |
phazotron:Glo isn't on the stock market |
Re: Can The Board Of Directors Fire The Owner Of A Company? by phazotron(m): 11:35pm On Jun 06, 2021 |
Nellsworld: I wan buy shares from investors you say make I sell Iss like you need knock Abi��� |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Nellsworld(m): 11:44pm On Jun 06, 2021 |
phazotron:Bros there are some businesses u can sell off, as an entrepreneur u are a solution provider, if you know, some investors are greedy not to sell off, u sell off the business and start another, as long u cash out big |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Fairview1(f): 11:53pm On Jun 06, 2021 |
Premiumwriter2: This response shows that you're not yet ready for the big game. It's mostly how has the bigger part of the money that controls the Board. Except if in a case where you are the majority shareholder based on what you brought to the table, not necessarily because you found the company, if not I will advise you forget about control and of those limiting mindset. This is more reason why Africa businessmen and Entrepreneurs will always remain small. By the way, there are several technicalities to how these things work. It's not just a work in the park! |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Fairview1(f): 11:55pm On Jun 06, 2021 |
thebosstrevor1: Doesn't matter, that's if you're futuristic with the business. Perhaps you need to read what happened during the days of Econet, Ibori and the 18 other Nigerian investors. |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Fairview1(f): 11:57pm On Jun 06, 2021 |
socialmediaman: You are absolutely right! Pre-emptive Right in play! It's one of the salient clauses on the Shareholder's Agreement(SHA) |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Fairview1(f): 12:00am On Jun 07, 2021 |
Agent8706: Your explanation is fair enough! Makes sense. 1 Like |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Fairview1(f): 12:03am On Jun 07, 2021 |
Born2winnx: Lol.. On what ground will you give out to the 30%? There's a process to all these stuff about company valuation and the dilution of equity in stakeholders Shareholding structure. |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Fairview1(f): 12:04am On Jun 07, 2021 |
Genea: Not when you need serious fund from VC firms for venture Financing. Most especially if you want to scale your operation beyond your current business space. |
Re: Can The Board Of Directors Fire The Owner Of A Company? by aktolly54(m): 12:09am On Jun 07, 2021 |
Kirkman:yes sorry EMPIRE . power is ghost n tommy |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Hassanmaye(m): 12:12am On Jun 07, 2021 |
Rick9:Haha then your company will never grow |
Re: Can The Board Of Directors Fire The Owner Of A Company? by tutudesz: 12:47am On Jun 07, 2021 |
phazotron:Most stock brokerage firms have contacts of major buyers and sometimes they put advert for share holders to sell. |
Re: Can The Board Of Directors Fire The Owner Of A Company? by patorial(m): 12:54am On Jun 07, 2021 |
UnabashedIPOB: You can't fire the owner of a company, you can only fire an executive. |
Re: Can The Board Of Directors Fire The Owner Of A Company? by Cromagnon: 1:07am On Jun 07, 2021 |
beautyhd:60 or 50.1% |
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