{"id":9953,"date":"2009-02-23T00:00:00","date_gmt":"2009-02-23T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hirco-shareholder-seeks-ouster-of-chairman-2-directors","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2009\/hirco-shareholder-seeks-ouster-of-chairman-2-directors.html","title":{"rendered":"Hirco shareholder seeks ouster of chairman, 2 directors"},"content":{"rendered":"<p>Forbes &#8211; India-focused property firm Hirco Plc said on Monday hedge fund and shareholder Laxey Partners Ltd has sought a shareholder meeting to remove chairman and two other board members, and to appoint its nominees on Hirco board.<\/p>\n<p>Laxey has also urged Hirco&#8217;s directors to consider appointing a new chairman independent of the Hiranandani family, the company said in a statement.<br \/>Comment On This Story<\/p>\n<p>&#8216;The board is taking legal advice as to the validity of the proposed requisition and due process. It considers the proposals are not in the company&#8217;s best interests and are misguided,&#8217; Hirco said.<a href=\"..\/news\/news_land.php?i=http:\/\/www.forbes.com\/afxnewslimited\/feeds\/afx\/2009\/02\/23\/afx6081550.html\" target=\"_blank\"><\/a><\/p>\n<p><strong><a href=\"..\/news\/news_land.php?i=http:\/\/www.forbes.com\/afxnewslimited\/feeds\/afx\/2009\/02\/23\/afx6081550.html\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n<p><a href=\"..\/news\/news_land.php?i=http:\/\/www.forbes.com\/afxnewslimited\/feeds\/afx\/2009\/02\/23\/afx6081550.html\" target=\"_blank\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; India-focused property firm Hirco Plc said on Monday hedge fund and shareholder Laxey Partners Ltd has sought a shareholder meeting to remove chairman and two other board members, and to appoint its nominees on Hirco board. Laxey has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[6955,8036,4513,8039,1170,2834,3531,8035,8037,8038],"class_list":["post-9953","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news","tag-board-members","tag-due-process","tag-forbes","tag-hirco","tag-india","tag-legal-advice","tag-proposals","tag-requisition","tag-shareholder-meeting","tag-validity"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9953"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9953\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}