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Elena is a managing director of Eleventis Pty Ltd. The other shareholders are Mini and Moe who each own 10 percent shares in the company.

Elena is a managing director of Eleventis Pty Ltd. The other shareholders are Mini and Moe who each own 10 percent shares in the company. Elena owns a number of shares in various other small companies that have a policy to give bonuses to shareholders who employ their services. Elena always ensures that Eventis, enters into contracts with only those companies in which she is a shareholder.


а. Has Elena breached her fiduciary and statutory duty as a director to prevent a conflict of interest, and has she breached her obligation to disclose material interests? Refer to relevant legal authorities to support your answer.


b. Can Minni and Moe call for a members meeting and if so will they be successful in removing Elena as a director of the company? Refer to relevant legal authorities to support your answer.


Who can bring a statutory derivative action on behalf of EventisPty Ltd, if Elena is found to have breached her directors' duties?

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