From: Cynic 
Newsgroups: uk.legal uk.finance
Subject: Re: to be a director or not a director?
Date: Thu, 23 Aug 2007 15:19:11 +0100
Bytes: 2054

On Thu, 23 Aug 2007 08:15:34 GMT, "steve robinson"
 wrote:

>> If we create the business now with just the 2 of us as Directors and
>> the % of the business split as 35% - 65% - if we need investors at a
>> later stage - can she then lower my % share that we have agreed on in
>> the company formation at this later stage? Is there the possibility
>> that she would and could write this somewhere in the policy of the
>> company formation?  (She has the company formation papers already and
>> we just need to get them witnessed by a solicitor).
>
>Yes at a board meeting you would agree to issue more shares within the
>company , put to a vote you would lose and the motion would be carried

No.  With over 25% shares he could block any motion that is
predjudicial to a minority shareholder.

-- 
Cynic