Derwent Ltd has suffered declining profits for four years. The directors have not declared a dividend for three years and in order to avoid facing the shareholders did not call an AGM last year.

Eric, who holds shares in Derwent, has got together with some of his fellow shareholders to form a group to see what can be done to get the company better managed.

Write a letter to Eric advising him and telling him how the group should proceed in practical terms.