JackandJosephineare majorityshareholders and theonlydirectorsofWaterflow Limitedacompanyincorporatedunder--theCompaniesAct2004.Thecompany hasrecently made hugeprofitsbyhiring water tankers to two large water companiesinSt. Elizabethto transportwatertoalleviateproblems

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JackandJosephineare majorityshareholders and theonlydirectorsofWaterflow Limitedacompanyincorporatedunder--theCompaniesAct2004.Thecompany hasrecently made hugeprofitsbyhiring water tankers to two large water companiesinSt. Elizabethto transportwatertoalleviateproblems causedbylackof rain.JackandJosephine proposed at the board meetingthat the directorsawardthemselvesa massivepay rise,whichwouldhavetheeffectoftaking theirmonthly salaryfrom$400,000 to $800,000. AdviseMarkaminorityshareholderwhointendstochallengethevalidityofthe directors' action incourt.

Posted Date: Jun 13, 2024 03:13 AM

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JackandJosephineare majorityshareholders and theonlydirectorsofWaterflow Limitedacompanyincorporatedunder--theCompaniesAct2004.Thecompany hasrecently made hugeprofitsbyhiring water tankers to two large water companiesinSt. Elizabethto transportwatertoalleviateproblems

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