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Penny a shareholder of XYZ Ltd. The company's board has refused to initiate action against its Chief Executive Officer for acting in breach of his

Penny a shareholder of XYZ Ltd. The company's board has refused to initiate action against its Chief Executive Officer for acting in breach of his duty to avoid a conflict of interest. Penny is unhappy about this decision.

Discuss whether she can take action on behalf of the company.

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