The majority shareholders can remove a director by passing an ordinary resolution (51% majority) after giving special notice. ... The director will continue to own the shares and will continue to be entitled to their share of dividends.

Can a shareholder remove a director?

Section 168(1) of the Act states that the shareholders can remove a director by passing an ordinary resolution at a meeting of the company. ... The relevant shareholders must serve special notice on the company of any resolution to remove a director under the provisions of the Act.

What percentage of shareholders can remove a director?

The resolution to remove the director is passed by a simple majority (i.e. anything over 50%) of those shareholders who are entitled to vote, voting in favour.