Permell to fight removal from TAP board

Permell confirmed this during an interview with Newsday yesterday evening, in which he added that the August 14 vote “was an unlawful attempt to remove us from the board.” “I am still the chairman and Mr Saunders is still the deputy,” Permell said. “What happened on Monday was that the managing director Carmen Reid and another director, Terrence Boswell- Inniss, attempted to unlawfully remove us.” “We sought legal advice from the company’s lawyers; LEX Caribbean, immediately after they sent us an email indicating we had been removed. Based on the advice we’ve been given, we are still the chairman and deputy chairman of TAP.” According to Permell, Reid and Boswell-Inniss “don’t have a legal leg to stand on because they didn’t follow proper procedure as stated in Section 76 of the Companies Act.” In the hours prior to them being barred from entering TAP, Permell, Saunders and Gift held what Permell described as “a board meeting,” during which they voted to terminate the contract of the managing director.

Permell assured TAP employees that he, Saunders and Gift were seeking the best interests of “employees, shareholders and all stakeholders.” Permell’s statement was in response to Newsday’s question about job security fears; expressed to this newspaper by TAP employees who witnessed what one described as “Mr Permell’s vocal attempts (Thursday) morning to convince security to let them (Permell, Saunders and Gift) onto the compound.” That employee’s account of events which transpired this week are in stark contrast to what Permell told Newsday.

Contacted by Newsday, Reid declined to comment on the allegations made by one of her employees. USA Lawyers

While she also declined to say why they were voted out of office, Reid did say Permell and Saunders were removed “because the shareholders believe their replacements would be better able to carry out the duties of chairman and deputy chairman.”