emmanuelewumi:


Dangote has 80% of Dangote Cement

75% of Dangote Sugar

Fanuchi007:
You will be fired but your shares will be intact. You no get d comp6but company go still de pay you

Premiumwriter2:
I'll personally draft and create a contract and get the very first investors to sign that at all times I'll own 60% of the shares.

All share sales and dilution will come from the remaining 40%. Can't come and form a company and then some modaf*ckers will push me out.

Premiumwriter2:
I'll personally draft and create a contract and get the very first investors to sign that at all times I'll own 60% of the shares.

All share sales and dilution will come from the remaining 40%. Can't come and form a company and then some modaf*ckers will push me out.

bet9ja:
It is possible if you own 49.9% of the company shares. However, sometimes, you may loose more shares due to the tension or zeal to attract infectors during the first round seeding stage.

For instance, imagine a group of people offering your company a million dollars for a share of 50% due to the company potentials. Meanwhile, you have already sold 30% to a friend for N500,000 at the early stage of the company. Now you are left with 70%.

This mean, you own 70%, your friend own 30% before the angel investors came in, hence the angel investors will own 35% while you also own 35% after the million dollar. When it is time for decision making, the investors and your friend can cooperate to unseat you. Hence, it's not a matter of owning a company and making the decision, it's a matter of accountability and responsibility.

Do you know that Jack -The owner of Alibaba currently own less than 5% of alibaba share which is valued in billion dollars.

Kzinne:
SEC is in charge of the NSE so no news

Mandesz:
It's not possible. The owner of the company appoints director of be the cost. He can also fire them as well. He's likely to appoint relative or somebody loyal to him.

kayphyzee:


SEC is a regulatory body for the capital market and public companies. It also does oversight functions for M&A transactions.

NSE (now NGX Group) is a now capital market operator registered as a profit-oriented company.

Lanretoye:
I think it depends on the kind of company...ie can dangote group of companies fire dangote?,and there is this bank that the CBN asked a chairman to restore the CEO.
Public corporation is different from private corporation...I stand to be more enlightened.

Born2winnx:
Me am giving just 30% shares out to investors.

Casper21:
The question “Can the board of directors fire the owner?” is becoming increasingly contentious. CEOs and founders of companies often find themselves out of a job after being fired by means of a vote undertaken by the board of the company. If the person in question is not the owner of a controlling share in the company, there is not much they can do to avoid being fired.

Sharing the ownership of a company leads to loss of total control over it. As external investors are brought in, owners' shares get diluted, and the founder of a company can often find that he or she owns less than half of the shares in that company. This leaves him or her at risk of being fired.

If a CEO has a contract in place, he or she may get fired at the end of that contract period, if the company has new owners or is moving in a new direction.

The CEO, despite being the person who incorporated the company, often gets fired in times when the company is experiencing a slump in financial performance. This is because internal company politics and differing leadership styles render people vulnerable.

If a founder gets fired, then the company's investors have obviously lost confidence in that founder's ability to establish profitability. Or, in the case of a company that is already turning a profit, they do not consider the founder capable of helping the company grow and evolving to meet the needs of a changing market.


...Strategies for Avoiding Dismissal....

Tech Crunch advises executives to always remain defensive, working with key players and building personal relationships with board members and shareholders. These, according to Tech Crunch, are the most important strategies in defending oneself from being attacked by the board of one's own company.

Founders and CEOs need to focus on more than the fact that they are indispensable – they also need to recognize the areas in which they are vulnerable. They can do this in a number of ways:

Knowing whether or not a board vote is enough to fire them.

Being aware of whether or not alleged wrongdoings need to have taken place in order for them to be dismissed.

Keeping one's ears open to listen for complaints and expressions of discontent, and
Being careful of the contracts that they sign.
An important step that CEOs can take to protect their position is to get all promises in writing. A CEO should never trust anybody who claims to always have his or her back.

Rick9:
I can never make the silly mistake of taking my company public. Lie lie. Before some group of people in the name of shareholders come and start telling me how to run my company.

Shegzy8:
Please I'm having issues with the payment of my rent, I'm about been rendered homeless. I'm in need of anyone to lend me #15,000 to complete my rent and I'll pay back by month end. Please, I'm ready to do anything to verify my identity and show commitment towards paying back.

You can quote me if you're willing to help.

Casper21:
The question “Can the board of directors fire the owner?” is becoming increasingly contentious. CEOs and founders of companies often find themselves out of a job after being fired by means of a vote undertaken by the board of the company. If the person in question is not the owner of a controlling share in the company, there is not much they can do to avoid being fired.

Sharing the ownership of a company leads to loss of total control over it. As external investors are brought in, owners' shares get diluted, and the founder of a company can often find that he or she owns less than half of the shares in that company. This leaves him or her at risk of being fired.

If a CEO has a contract in place, he or she may get fired at the end of that contract period, if the company has new owners or is moving in a new direction.

The CEO, despite being the person who incorporated the company, often gets fired in times when the company is experiencing a slump in financial performance. This is because internal company politics and differing leadership styles render people vulnerable.

If a founder gets fired, then the company's investors have obviously lost confidence in that founder's ability to establish profitability. Or, in the case of a company that is already turning a profit, they do not consider the founder capable of helping the company grow and evolving to meet the needs of a changing market.


...Strategies for Avoiding Dismissal....

Tech Crunch advises executives to always remain defensive, working with key players and building personal relationships with board members and shareholders. These, according to Tech Crunch, are the most important strategies in defending oneself from being attacked by the board of one's own company.

Founders and CEOs need to focus on more than the fact that they are indispensable – they also need to recognize the areas in which they are vulnerable. They can do this in a number of ways:

Knowing whether or not a board vote is enough to fire them.

Being aware of whether or not alleged wrongdoings need to have taken place in order for them to be dismissed.

Keeping one's ears open to listen for complaints and expressions of discontent, and
Being careful of the contracts that they sign.
An important step that CEOs can take to protect their position is to get all promises in writing. A CEO should never trust anybody who claims to always have his or her back.

Rick9:

Wisdom. Me would only give out 10% if at all I want to go public.

Kzinne:


Get educated from Wikipedia-
The Securities and Exchange Commission (SEC) is the main regulatory institution of the Nigerian capital market. It is supervised by the Federal Ministry of Finance.

The NSE is regulated by the Nigerian Securities and Exchange Commission.[7]

Premiumwriter2:
I'll personally draft and create a contract and get the very first investors to sign that at all times I'll own 60% of the shares.

All share sales and dilution will come from the remaining 40%. Can't come and form a company and then some modaf*ckers will push me out.

Lanretoye:
I think it depends on the kind of company...ie can dangote group of companies fire dangote?,and there is this bank that the CBN asked a chairman to restore the CEO.
Public corporation is different from private corporation...I stand to be more It
I don’t think it depends on the company

Born2winnx:
Me am giving just 30% shares out to investors.

henryobinna:
wow! I never knew this.
Does this apply only to Nigerian stock exchange or all over the world

Skyfornia:


Why not give the landlord the ones you have and promise to pay the remaining 15k by month since you are sure you can get it

justmondris:


Then your company needs to be very profitable so that you will have enough money to run it without depending on investors’ money like oxygen.

I heard there is one man that owns 100% share of his company and grow it to over 100Million USD in valuation

sandra50:
Didn't think of this before registering my company then..now I'm thinking of using my brother but but I think it's not wise..I will get married some day and have kids and when I do I would like to make some of them my directors so I better leave it for now and when I want to change it I do that once and for all

Lanretoye:
I think it depends on the kind of company...ie can dangote group of companies fire dangote?,and there is this bank that the CBN asked a chairman to restore the CEO.
Public corporation is different from private corporation...I stand to be more enlightened.