Module 4 Activity Car Ltd is a public company Incorporated under the Corporations Act. it uses all relevant replacea At a general meeting of the company. a member alleges that the company's security arrangements employee could easily steal large sums of money from the company. The director of the company in security denies the allegation. The member moves a resolution requiring the Board of Directors to re functions and responsibilities of each of the directors so as to ensure that a director. other than the - charge of the company's security arrangements. This resolution is passed by a simple majority. The Chairman of the Board states that he intends ignoring the resolution. He says that he and his fello what is best lor the company and they will allocate the managerial functions of the company as they ' - At a meeting of the Board held the next day the resolution is discussed. All the directors know that there of substance to the allegations behind the resolution. but they agree that a united stand is important. However. as 'a sop to the stirrers' amongst the members he company. it is decided to present them sacrifice. Accordingly, the Chairman of the Board moves at a directors' meeting that the director who is in company's security arrangements be dismissed. This motion is passed. Discuss the legal principles applicable to each oi the events which have occurred. Does the dismissed director have any remedies against: ' the directors of Cash Ltd: and ' Cash Ltd? If so, what are those remedies? c. The member who had moved the resolution in the general meeting petitions the court under ss 232- the affairs of the company are being conducted in an oppressive manner. In the petition she asks - its powers under ss 232 234 to direct the Board of Directors to implement the resolution of the C - meeting. Will her petition be granted