Question
Roopali and Li are minority shareholders in Dud Pty Ltd. They recently discovered that while the company paid no dividends this financial year, the salaries
Roopali and Li are minority shareholders in Dud Pty Ltd. They recently discovered that while the company paid no dividends this financial year, the salaries of the executive directors increased by over 200%. They also found out that Marion, a director and very influential member of the company, has engaged in conduct which has significantly benefited her family at the expense of the company. They are contemplating commencing an action against the directors for oppressive and unfair conduct. Based on case law, what are is the likelihood of success of an action against the directors for oppressive and unfair conduct?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started