Aurum Fields Ltd (“Aurum”) is a gold mining company. Dr Lilly le Fleur is one of 10 directors of the company. Lilly is a senior professor in the Faculty of Management Studies at the University ofRosebank, in Johannesburg. Lilly consented to be a director on the board of Aurum Fields Ltd in 2019. In January 2020, the directors of Aurum discovered that Lilly had misappropriated an amount of R200 million rand from the company by allowing money due to the company to be paid into her personal account. Q.3.1 Assume for this question that you are Aurum’s attorney and they approach you for advice. Explain the two ways in which Lilly may be removed from the board of directors. Your answer must include the requirements that must be met. Q.3.2 Assume that one of the two meetings referred to in Q.3.1 above made the decision to remove Lilly from the board of directors. Who are the persons, besides a shareholder or a director, that apply to court for Lilly to be declared a delinquent director? List at least two.

Aurum Fields Ltd (“Aurum”) is a gold mining company. Dr Lilly le Fleur is one of 10 directors of the company. Lilly is a senior professor in the Faculty of Management Studies at the University ofRosebank, in Johannesburg. Lilly consented to be a director on the board of Aurum Fields Ltd in 2019. In January 2020, the directors of Aurum discovered that Lilly had misappropriated an amount of R200 million rand from the company by allowing money due to the company to be paid into her personal account. Q.3.1 Assume for this question that you are Aurum’s attorney and they approach you for advice. Explain the two ways in which Lilly may be removed from the board of directors. Your answer must include the requirements that must be met. Q.3.2 Assume that one of the two meetings referred to in Q.3.1 above made the decision to remove Lilly from the board of directors. Who are the persons, besides a shareholder or a director, that apply to court for Lilly to be declared a delinquent director? List at least two.