David, Elizabeth and Farah are the directors of Carrera Sdn Bhd ("Carrera"). David, Elizabeth and Farah each holds 30% of "Carrera's" paid up share capital. The remaining shares are held by Gary. Last week, the Board of Directors, at the annual general meeting, approved an increase of 30% on the directors' fees although the company has not been making a profit for the last two years. They also offered shares to themselves except Gary. Gary is unhappy over those matters. Gary wishes to bring an action against the directors. Advise Gary whether he can succeed in bringing such an action.

(Use IRAC application)