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Critically discuss how the decision of Salomon v A Salomon & Co Ltd. [1897] AC 22 have contributed to the interests of an entity today.

Critically discuss how the decision ofSalomon v A Salomon & Co Ltd. [1897] AC22 have contributed to the interests of an entity today.

(10 marks)

Profits in JKM Sdn. Bhd. last year dipped up to 20% in comparison to what was earned in the year before. In spite of the losses, the board of directors nevertheless proceeded to distribute dividends to its shareholders.

Discuss the probable liability of board of directors are liable in this situation.

(15 marks)

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