What's The Magic Word? Nominate

What does it mean to nominate someone? The Court of Appeal has provided an answer.

A storm brewing

Magic Investments subscribed for around 100 shares in Greater Good Fresh Brewing, a home-brewing company co-founded by Mr Broadbent, for just shy of GBP1,000,000. The day before the purchase, the company wrote to Magic confirming that Magic would be entitled to ”nominate someone to the board”. Magic nominated Mr Meyer, who decided less than four months later that he was not in a position to be a director.

Magic believed it was entitled to a “Magic Board seat”. Mr Broadbent believed that while Magic could put forward a candidate for the vacant position, there was no obligation that Magic’s candidate be successful.