One reason is the management of the AGM. With say 400 members and a
25% quorum, you have to get a hundred people (or more) in one place
within a very fixed time frame.
Also governance issues, in that everybody must understand their
responsibilities and liabilities.
Calls for an EGM could happen from time to time as well.
Gordo
I still dont see the reason to restrict the number of gaurantor members?