Question
Bronze Pry Lid (Bronze) has three directors, Charla, Daisy and Eddie. Bronzes shareholders are Chartie, Daisy, Eddie and Falx Each shareholder owns 25 per cent
Bronze Pry Lid (Bronze) has three directors, Charla, Daisy and Eddie. Bronzes shareholders are Chartie, Daisy, Eddie and Falx Each shareholder owns 25 per cent of the company's shares. The three directors al Bronze recanty diverted business away from the company to Smiles & Co, a partnership in which they are partials Felix found out about this and confronted the directors. The directors then called a members meeting where they voted in favour of inserting a pause into the company is constitution to allow past and future diversions, and for the directors to retan tha profits received from that diversion of business. Fall feels that tha company has suffered a wrong and wishes to seek a remedy on behalf of the company for tha wrong & has suffered. With reference to the above sat al facts, and using the four-steps process, discuss than (ONE) key remedy Falx could seek on bahal of the company. Do NOT discuss the personal remedies Felix may be able to seek. (15 marts)
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