Question
Johan is a minority shareholder in a private company named, Megah Sdn Bhd. He is concerned about the way in which the company is being
Johan is a minority shareholder in a private company named, Megah Sdn Bhd. He is concerned about the way in which the company is being run by the current Board of Directors. His concern is due to non-involvement of all four directors in the company. Most of the business decisions are usually taken by Ah Lai without any references to the other directors. Indeed, the three other directors appear to take very little part in running the business and tend not to attend the board meetings. Johan also suspected that Ah Lai has been taking bribes from other companies in order to get contracts. Advise Johan as to the extent of directors' duty of care, skill and diligence towards their company and whether or not Ah Lai has breached the duties.
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