Oh, now this is interesting.
Immediately before doing the sell-off (it's dated May 23, but only signed by the 3 amigos), CIG wrote up Articles of Association, which you can see
here (PDF). Interestingly they had no problem filing this one quickly, so it's sort of getting ignored with the latest shenanigans.
Mostly boilerplate stuff.
The juicy part is section 12, "Conflicts of Interest":
It rather looks as if, if Chris does something stupid/greedy at the director level, it can be declared a conflict of interest and he gets booted from the vote: it's then down to the other 4 to decide. (which might well be 2 vs 2, so not carried).
Which explains why there were 2 extra directors - to balance and Erin and Ortwin.
His 85%
might be worth something if they had weighted voting at a General Meeting, but the Companies Act 2006 defaults to a simple majority unless weighted voting is specified in the Articles, and if you scroll down to section 36 and onward this just isn't here: His shareholding might as well be 1 share. And with the third new shareholder, he could be in deep doo-doo...
Chris "I've still got 85% so I'm in charge" Roberts is actually on a
VERY short leash.
Which is, unironically, Good for Star Citizen.
EDIT: Hmm. Under the Act, The default shareholding required to demand a vote at a General Meeting is 5%: They've changed it to 10% (43.2.4) in the articles.
So Indus can demand a vote on something, but Ortwin can't.
Leashes for everyone!
(Kudos to Ortwin for trying to throw this into the memory hole. It didn't work, mate)