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Opinions written by Gary Marsden
shareholder 15% & MD they want to make me redundant!
(Friday, 22 May 2009) Written by Gary Marsden
I am a shareholder 15% of a company and Md/Director. The other shareholders are 50% VC and 35% chairman. The chairman wants to make me redundant as the company can not affor to keep me as he put it. I am the only director that works full time in the company there are no other managers. Can anyone advise me on the following.   Can he make me redundant? also he wants to do this with only a months notice period, although there was verbal agreement and some initail proposed agreements to 6 moths notice. but no service agreements were ever made. Can he remove me as a director. can he force me to sell my shares.    

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