Question 1 What duties of skill and care are owed to a company by a director? To what extent have these duties been altered by the Companies Act 2006 codification of directors' duties?

Question 2 "According to standard law and economics, minority shareholders in closely held corporations (private limited companies) must bargain against opportunism by controlling shareholders before investing. Put simply, you made your bed, now you must lie in it. Yet most courts offer a remedy for shareholder oppression, often premised on the notion that controlling shareholders owe fiduciary duties to the minority or must honor the minority's reasonable expectations." Benjamin Means

Requirement With reference to the above statement of a commentator from the USA, critically evaluate the protections afforded to minority shareholders in the UK and discuss their effectiveness in protecting such shareholders from the unfair dominance of the majority shareholders.

Question 3 The floating charge is an unsatisfactory form of security in many ways and from all points of view, except perhaps that of the company which secures additional credit through its use.

Requirement Critically evaluate the above statement in relation to forms of security that can be offered by companies.