Sweet, Ness and Light Pty ltd has been making chocolate in Perth since 1923. The company was commenced by Ivan Light(now deceased) and had a member of the Light family as chair of the board ever since. Presently William (Bill) Light is chair. The other shareholders are Bills sons Jack and Daniel and their wives, Yvette and Jacinta. There are two non-shareholders: the longtime company secretary Maxwell sweet and Ivan Lights former business associate Elliot ness.

Jacinta has harboured feelings of powerlessness as Bills sons lamely follow whatever their father wants with company matters. Maxwell maintains absolute loyalty to Bill when it comes to company decisions, and Elliot takes no active interest in the company.

At a general meeting last week, members noted on Bill's proposal to not pay dividend out of recent profits, but to reinvest them. This is the fourth year in a row that Bill has done this with members approval. In another resolution, the company decided to restructure its shares. there are to be additional shares that will only be available to Bill, Jack, Daniel, Maxwell and Elliot. The reason that Yvette and Jacinta are excluded is that they are seen as threats to the company if their marriages to Bill's sons should fail. Maxwell and Elliot are unlikely to take up the additional shares, and Jack and Daniel are presently speaking to their financial advisers about their ability to invest more money into the company Jacinta sees this latest move as the last straw.

Advise Jacinta on her legal position as a member.