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W Chapter 11 Corporate Governance. Members Remedies. Accounts and Financial Reporting and Audit Questiooj. Sonia. Chris and Debbie are the only directors and shareholders of

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W Chapter 11 Corporate Governance. Members Remedies. Accounts and Financial Reporting and Audit Questiooj. Sonia. Chris and Debbie are the only directors and shareholders of King Pty Ltd. which owns and operates the King's tavern. Sonia is the only non-executive director of the company. The company has issued 900D ordinary shares that are fully paid up. Each shareholder holds Eli-DD shares. Chris and Debbie are married to each other and are also part owners oi Duke Financial Brokers. King Pty Ltd has been very successful but has not paid a dividend for the last 5 years. Prots have instead been invested in nancial products. Sonia is ED years old and her husband is ill. She requests Chris and Debbie for the company to commence paying a dividend. but instead Chris and Debbie successfully pass a resolution at a members\" meeting to remove Sonia as a director. Sonia wishes to sell her shares. but. Chris and Debbie refuses to buy them. Dn irther investigation Sonia discovers that King Pty Ltd has been inappropriately paying large \"management fees\" to Duke Financial brokers without any justication of work done. Required: a} Explain to Sonia the proper plaintiff rule and the internal management rule. b} Sonia seeks your advice on whether there are any remedies available to her under the Corporations Act. including the procedures she may need to follow to obtain those remedies

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