Sue – a story of a corporate David versus Goliath ….

September 04, 2020

“Unfortunately, many people face what Sue did, and that contributes to the astronomical rates of business failure. The only way to change this is to work together towards an environment where creditable information is readily available and advice within reach.”

Meet Sue, she owns 20% of a company with her two partners – Peter and Thando.  They started the business of buying and renting properties around 10 years ago.

At first, they purchased low cost properties infrequently.  However, over time the company started to show a profit and their investments became increasingly significant. More expensive properties were purchased and often these were renovated and sold on. Some with a much larger return and others with no return at all.

Sue started to become uncomfortable with Peter and Thando’s approach around 4 years ago. She raised her concerns at various meetings and eventually things became acrimonious in the boardroom. That is when Peter and Thando removed Sue as a director.

Sue was absolutely distraught at her removal as a director so she decided to offer her shares, but neither Peter or Thando wanted to buy her out. So, now Sue is stuck and has no say in how her investment is being applied. She is now having to sue to secure and enforce her rights.

Unfortunately, many people face what Sue did, and that contributes to the astronomical rates of business failure. The only way to change this is to work together towards an environment where creditable information is readily available and advice within reach. I am committed to a movement to achieve this.

Share via:

You might
also like…

Clarity in Strategy as a Roadmap for Success

Clarity in Strategy as a Roadmap for Success

I have often seen business owners, who get so stuck in the day-to-day routine. The result is that they become fatigued with the routine. This often leads to confusion or a lack of clear direction and ultimately holds the business back from realising its potential. The...

A Delicate Balancing Act – Family and Profession

A Delicate Balancing Act – Family and Profession

I often describe myself, from a professional perspective, as an entrepreneur and lawyer. I am passionate about both areas and therefore, often say I am a Legal Entrepreneur to illustrate the adjoining professional passions I have. Of course, in life – for me, it is...