He most assuredly is legally obliged to tell the board. His first duty is to do what is in the best interest of the company.
Don't forget that just because he is a shareholder doesn't mean he has an automatic right to be a Director (or employee). Hold a vote of no confidence in his abilities to add value to the company and fire him as a…
This is meant in the best possible way: I hate you. My hate is constructed entirely of jealousy.
He most assuredly is legally obliged to tell the board. His first duty is to do what is in the best interest of the company.
Don't forget that just because he is a shareholder doesn't mean he has an automatic right to be a Director (or employee). Hold a vote of no confidence in his abilities to add value to the company and fire him as a…
This is meant in the best possible way: I hate you. My hate is constructed entirely of jealousy.