Angela List removed as Adamus Resources Limited CEO
The court, in its ruling had found that List had tried to ‘expropriate’ her husband’s interest, and unlawfully attempted to remove the current director of the company
Angela List has been removed as the chief executive officer of Adamus Resources Limited following a ruling by the Supreme Court of Western Australia over some illegalities on her part.
As a result of the ruling, which was delivered in December 2022, an extraordinary general meeting of Adamus Resources shareholders and director of the Australian registered parent company, Adamus Resources Pty Limited, held on 3 February 2023, formally removed List as CEO by a majority decision.
The court, in its ruling had found that List had tried to ‘expropriate’ her husband’s interest, and unlawfully attempted to remove the current director of the Adamus Resources Limited Australian registered parent company and replace him with her nominees without having any proper board meetings or following due process in both Ghana and Australia.
This followed her unlawful appointment of directors to the board of the Ghana subsidiary, again without following due process under Ghanaian law or with approval from the Australian parent company, the firm said in a statement.
The Supreme Court of Western Australia was quite clear in its ruling that List had acted unlawfully when removing and appointing directors in both jurisdictions.
The parent company board, and its shareholders felt that her actions had made her continuing to act as Adamus Resources Limited, Ghana, CEO, untenable, and not in the best interests of the company.
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