Your point is valid as far as it goes.  I would take it a step further, though, and once again say that the most appropriate thing at this point would be a shareholder meeting and election...perhaps even legally required after all this time, though again I'm not a lawyer.  The shareholders absolutely need to have a say on all of this in a formal sense, though, whether legally required or not.  The meeting would be the most appropriate avenue to discuss these issues, in my opinion.