In a BoardIQ article, litigation & enforcement partner Amy Roy discussed the ongoing legal and governance challenges faced by ASA Gold & Precious Metals Ltd.
Amy highlighted the concerns of the legacy directors regarding the unwillingness of the new directors to engage in good faith negotiations. She emphasized the importance of compromise to ensure the company's compliance with applicable laws and maintain ordinary operations.
Amy stated, “The legacy directors are gravely concerned that the new directors, based on their actions to date, are unwilling to participate in good faith exploration of potential compromise on the governance actions that are necessary for the company to remain in ordinary operation and comply with applicable laws.”
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