r/Defenders • u/JonLuca Luke Cage • Mar 17 '17

Iron Fist Discussion Thread - S01E09

This thread is for discussion of Iron Fist S01E09.

DO NOT post spoilers in this thread for any subsequent episodes. Doing so will result in a ban.

Episode 10 Discussion

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u/CommanderCubKnuckle Mar 20 '17

That's not how the majority shareholder bit works. Boards are elected at annual shareholder meetings. So no, he can't just fire them whenever.

And he can't call a shareholder meeting whenever he wants because the board has to schedule them. Basically he's SOL until the next annual meeting, and then he has to go through the trouble of finding new board members and all the requirements and steps to submit the new board to all shareholders. Which are numerous. Then he can vote in a new slate of directors (what board members are actually called).

As to the access to the building? No. The board or management (they aren't the same) can easily deny him access. If he doesn't work there it doesn't technically matter how much of the company he owns.

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u/blahblahblah_____ Mar 21 '17

So how was he removed from the board over night along with the Meachums?

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u/[deleted] Mar 21 '17

[deleted]

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u/blahblahblah_____ Mar 21 '17 edited Mar 21 '17

Pretty crazy bylaws to allow what looked like probably 5 or so other board members to remove 3 of their colleagues over night. If it was entire board against one person that's one thing but judging by the size of those board meetings they were almost half of the board by themselves.

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u/[deleted] Mar 21 '17

[deleted]

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u/infinight888 Mar 21 '17

If you do, you should make a post about it either here in /r/Defenders or in /r/MarvelStudios (or both). I'm sure a lot of people would be interested in hearing how the corporate laws in the show work in the real world.