The board of directors of ABC Ltd. is comprised of three directors each holding 25% of issued shares. There are two other shareholders, Zac and Zoe holding respectively 10% and 15% of issued shares.

At a recent board of directors meeting the directors unanimously resolve to:

1. increase directors' salaries by 25% and make lump sum contributions of
2. $50,000.00 to the superannuation funds of each director. The salary increments and superannuation payments are to be paid from company profits;
3. not to declare dividends on shares despite impressive company profits. [The directors have failed to declare dividends over the past 3 years although there has continued to be a steady growth in profits in each year.]; and
4. alter the company's constitution to remove the right of members to request the convening of a general meeting of members. Sections 249D and 249F were quoted as sections under theCorporations Actdeemed inapplicable to members.

In relation to all resolutions passed by the board of directors, advise Zac and Zoe of the statutory remedies that would be available to them as shareholders under theCorporations Act2001.