Assertion: fund's director | /r/HasProperty | removed by shareholder
Facets:
value: from office
type: LOCATION
value: with a simple majority vote
type: CAUSE
Source sentences:
text: The first reforms following the Great Depression, in the Companies Act 1948, ensured that directors could be removed by shareholders with a simple majority vote.
text: So in this case, the appropriate construction of a company's articles led to the implication that a director could be removed from office by shareholders (and did not have a job for life), even though a literal construction would have meant no person possessed the two classes of shares required to remove that director under the articles.