GoodReadA heavy silence permeated the room, the air thick with unvoiced tension.
Wayne, his brow furrowed in displeasure, addressed the man at the head of the table. "You've arrived late even
for a shareholders' meeting, Alexander. Do you truly believe you still hold the right to that seat?" Alexander
swiveled his head to meet Wayne's gaze. "The meeting was scheduled for half past nine, and it's merely nine
now. Is that considered tardy?""Everyone else has arrived. Are we expected to delay proceedings solely for your
convenience?""So, you've begun in my absence?"
Alexander retorted with a cool indifference. "Proceed, then. Where did you pause? Voting, wasn't it? As a
shareholder, am | not entitled to cast my vote?"Wayne didn't mince his words. "Didn't you resign? We're in the
midst of choosing a new CEO. Since you've graced us with your presence, feel free to voice your opinion."His
next words were a clear indication of the result. "Regardless, the voting is concluded. Even with your vote, the
tally stands at seven to six." Alexander fell into a brief silence before a chuckle escaped his lips. His laughter, in
such a tense situation, seemed inconceivable to the others. With a casual wave of his hand, Alexander signaled
Kyle Astor, who promptly understood and brought forth a document.
Alexander tossed it onto the table with a declarative statement. "Then, it's t| exercised my
rights.""According to the bylaws, ownership of more than 34% grants veto power. Regrettably, I've just
surpassed that threshold with 35%. Consequently, | declare your vote null and void."
The announcement incited an uproar amongst the shareholders, with Wayne being the most affected."How...how
is this possible?"
Wayne stammered, snatching the document and flipping through it in disbelief.Wayne initially held a 50% share,
but he had distributed some. Between Freya and Alexander, they held thirty percent, and he'd gifted Kaitlyn
Follow on NovᴇlEnglish.nᴇtanother three percent.
This meant that even if he reclaimed Valerie's shares, he'd only possess twenty-seven percent. This was the
exact reason he had convened this shareholders’ meeting instead of directly appointing the CEO.He had thought
himself astute, confident that even after distributing shares, he'd remain the majority shareholder, with Valerie's
shares virtually his to reclaim at any time.
He needed a successor, and Alexander's competence had impressed him, leading to his decision to allocate
shares.But by the the recognized the peril, it was too late.
Wayne could count and recount, but he couldn't decipher where Alexander had acquired the additional
shares.Freya's and Kaitlyn's shares amounted to a maximum of 24%. So where had this 35% originated?All the
shareholders were present.
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An extra ten percent from where?"Could it be that you..." Wayne began, but Alexander cut him off with an
enigmatic smile. "Mr. Landry, you can ponder over it later. For now, we need to address the company's pressing
issues."
"Since we're discussing elections, let's revisit what Mr. Landry just mentioned. It's true | had contemplated
resigning previously, but considering Mr. Landry's current contributions to the company, his shareholdings, and
the company's policies, he no longer qualifies to serve as the chairman of the board."
"According to the bylaws, the
individual with the largest
shareholding peroehidge ehedd
TE of chairman. So, it's
quite evident who should occupy this
position." The content is on
novelenglish.net! Read the latest
chapter there!
"Alexander, you're crossing a line!"
Wayne exploded, slamming his hand
on the table, causing a water bottle to
topple over.Unfazed, Alexander
continued, "Oh, and let's not forget
that according to company
guidelines, any director who attempts
| Grima
to manipulate the \diclsibn'making
O /
prodes y influencing shareholder
Follow on Novᴇl-Onlinᴇ.cᴏmvotes or interfering with company
operations-seriously violating the
board's regulations should be
removed from their position and
stripped of their board
membership."In the spirit of fairness,
let's put it to a vote. "Alexander,
leaning casually against the edge of
the table, slightly lifted his hand and
said, "All in favor of removing Wayne
from his position and the board of
directors, please raise your
hand."Wayne's face twisted with fury.
What rule violation? It was nothing
but baseless accusations! He was
hell-bent on expelling him from the
board, wasn't he? The content is on
novelenglish.net! Read the latest
chapter there!
”
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