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Jock Ma is the founder of pharmacy warehouse Pty ltd (Pharmacy Warehouse)- a large proprietary limited company specialising in pharmacy and cosmetics retailing. Jock Ma

Jock Ma is the founder of pharmacy warehouse Pty ltd (Pharmacy Warehouse)- a large proprietary limited company specialising in pharmacy and cosmetics retailing. Jock Ma is an executive director and a major shareholder in pharmacy warehouse. The company has experienced significant growth in online sales since the 2020 covid-19 lockdowns

During 2021, a competitor makes a turnover bid for pharmacy warehouse. The competitor claims that if the takeover is sucessful,they will remove the existing directors from the board and undertake a major overhaul of the management structure of pharmacy warehouse to "enhance profitability". The truth he told , Jock and the other directors have probably been mismanaging pharmacy warehouse.

Jock Ma does not like the idea of takeover, nor of losing his and his company, Jock instructs the board to issue 6 million shares to themselves and another 7 million to other shareholders who agree to vote down the takeover offer.

has Jock Ma breached his directors duties?

Make sure that you use I.R.A.C structure for your answer.

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