1. You work in private practice as a Company Secretary and had a meeting earlier today with Frank Ndhlovu, who is one of your clients. Frank is a wealthy businessman involved in the building and construction sector. Frank has formed and is a director of Peer Construction Limited (Peer), which is not listed on any stock exchange. Peer has been formed for a construction project which will last five years. Peer's assets include construction plant and machinery and Frank, who is also the major shareholder, will ensure Peer is funded to meet all liabilities. Peer will no longer be needed at the end of the construction project.

REQUIRED:

Evaluate the choices the directors will have for Peer at the end of the construction project and any relevant additional actions which are to be taken. (13 marks)

Compare and contrast a corporate representative and a proxy at an Annual General meeting.