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Malaysia company law question Question 3 (a) Critically discuss how the decision of Salomon v A Salomon & C 0 Ltd. [1897] AC 22 have

Malaysia company law question

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Question 3 (a) Critically discuss how the decision of Salomon v A Salomon & C 0 Ltd. [1897] AC 22 have contributed to the interests of an entity today. (10 marks) (b) Prots in J KM Sdn. Bhd. last year dipped up to 20% in comparison to what was earned in the year before. In spite of the losses, the board of directors nevertheless proceeded to distribute dividends to its shareholders. Discuss the probable liability of board of directors are liable in this situation. (15 marks)

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