n Without Prejudice - When the Articles and shareholders have the last say : company law
|Article Title||When the Articles and shareholders have the last say : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Author||Jacqueline Grouwstra and Emma Kingdon|
|Publication Date||May 2009|
|Pages||41 - 42|
The judgement of the SCA in the case of Surmon Fishing (Pty) Ltd v Compass Trawling (Pty) Ltd contains both an interesting dissertation on the voting threshold of a two-third majority as well as confirmation of the source of the powers of directors to act on behalf of a company.
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