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Jack, Bill and Georgina are the only directors of Sand and Snow Ltd (S&S), a company that sells surfing and snowboarding holiday packages. They each
Jack, Bill and Georgina are the only directors of Sand and Snow Ltd (S&S), a company that sells surfing and snowboarding holiday packages. They each own 10 per cent of S&S's shares. The remainder of the shares are owned by Georgina's father, Barry, who owns 15 per cent of S&S's shares, and other members of Barry's large extended family. S&S is about to purchase a significant amount of inventory from a company called Abominable Snow Gear Pty Ltd. Maia owns 60 per cent of the shares in Abominable Snow Gear Pty Ltd. What would you recommend Maia do before S&S enters into the transaction
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