Quantum ordered to reinstate fired director
Removal of Tanya Golden ‘prejudicial and unfair’ and in violation of Companies Act, high court rules
13 November 2024 - 05:00
The Western Cape High Court has ordered Quantum Foods to reinstate independent nonexecutive director Tanya Golden as a board member after finding the company had breached a section of the Companies Act that safeguards the interests of minority shareholders.
Golden was removed from the board of the JSE-listed company in May after a meeting at which she demanded she see a legal opinion the company was relying on to refuse shareholder Braemar Trading’s request for a special meeting...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.