Question
The float goes off well, and the same four people remain as the directors. About two years later, Freda, Harry and Jane come to see
The float goes off well, and the same four people remain as the directors. About two years later, Freda, Harry and Jane come to see you again. Although Charles has continued to provide good business leads for the company, there have been recurrent concerns about his integrity. Recently, the company had the opportunity to bid for a contract to rent trucks to the local council. Charles argued strongly against expanding the business in this way, and he persuaded the other directors not to proceed with the bid. Later, Harry found out that the contract had been won by a truck rental company in which Charles had a substantial shareholding. Advise the clients on the possibility of breach of duty by Charles.
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