Thera Ltd, a fashion design company, has three directors, Selena, Melina and Dora. Anna is a shareholder in Thera Ltd and owns 15% of the company's shares. Selena is the majority shareholder who owns 75% of the shares and the remainder of the shares are owned by members of Selena's family. Melina used to be a solicitor in a big law firm in Birmingham. Last year, Selena sold a warehouse to Thera Lid for f1.5m (one and a half million pounds). The transaction had shareholder approval at the time, although Anna voted against it. It now appears that the warehouse is only actually worth $500,000 (five hundred thousand pounds). Melina, who likes to keep up with the latest fashion trends, uses her connections made on the board of Thera Ltd to obtain tickets to a sold out fashion show. Because she spends all her energy on the show, she fails to attend a meeting with one of Thera Ltd's key clients and, as a consequence, the company loses a potentially very lucrative contract. Chandler is a former director of Thera Ltd. Following his resignation from the board, he receives an expensive contemporary artwork from Mona Ltd, a company with whom Thera Ltd does a large amount of business. Dora is concerned about compliance by the directors of Thera Ltd with their duties in the Companies Act 2006 and comes to you for advice