Question: "Olivia owns 10% of the shares in Felt Pte Ltd. She had become disturbed by reports recently of the way in which the directors of the company engage in extensive business travel and is unhappy about the level of business expenses claimed by the directors. She has also heard that the directors of the company have been extending lavish hospitality to some politically influential persons. What protection does Olivia have as a minority shareholder? If she suspects that corporate assets and earnings have been misapplied what can she do about it?"

Apply the "proper plaintiff" rule (Foss v Harbottle) and the statutory derivative action under Section 216A of the Act