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i. Xena was the original shareholder and sole director of Aberdeen Consulting Ltd. She held 10 shares. The corporation was protable, but it needed more

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i. Xena was the original shareholder and sole director of Aberdeen Consulting Ltd. She held 10 shares. The corporation was protable, but it needed more capital to engage in new business projects. To raise capital, Xena has issued 20 shares of Aberdeen to Raju for $1000 per share. Upon reviewing the corporation's nancial statements, Raju discovers that the corporation has a consulting contract with a company controlled by Xena. The contract fees are much higher than the usual market rate for consulting services and have substantially reduced the prots of the business. Raju decides that, at the next shareholders' meeting when Xena's term expires, he will elect himself as director, terminate the contract, and put the business of the corporation on a much stronger nancial footing. Upon hearing of this plan, Xena, as director; issues herself an additional 20 shares. At the shareholders' meeting, much to Raju's surprise, Xena outvotes him, re-electing herself as director. Raju is outraged and certain that something must be done to remedy this terrible situation. Is there anything Raju can do

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