All four Mexican directors were removed from the board of Dolphin Cove on Monday, leaving only the Jamaican directors.
In a notice recently posted to the Jamaica Stock Exchange's website, the company said the four removed from the company's board under Article 94(h) of its Articles of Incorporation.
Under this article, which was used to remove chairman and founder Stafford Burrowes, a director can be asked by instrument to resign from the board if the owners of more than 51% of the stock deliver this request to the company's registered office for the company secretary's attention.