angelic

Chapter 24 - THE BOARD MEETING

The company did not collapse.

It changed.

Special board meeting.

Independent directors.

First Mountain voting Nina’s shares directly.

Charles present.

Monique recused on her contracts.

The board terminated Charles as CEO.

Not as shareholder.

He retained ownership.

Lost executive authority.

Reason:

Governance failures.

Unauthorized representations.

Related-party conflicts.

Not because he insulted Nina.

The company hired an outside CEO.

Several Monique contracts were renegotiated.

One terminated.

The acquisition canceled.

Debt refinanced under stricter covenant controls.

Employees kept jobs.

Charles called it betrayal.

May you like

I called it corporate governance.

Daniel would have enjoyed that argument.

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