In the case of Samantha, it can be said that her right was violated. Holding 5% share to a company is something that entitles a person to several responsibilities and as well as rights and liabilities. Therefore, as a member and shareholder of the company, Samantha has the right to know what is happening inside the company, as a shareholder, especially in matters that involve decision making. First and foremost, it is Samantha’s right to know and take part of the company’s decisions.
Wednesday, 5 July 2017
Corporate directors
The duties placed on directors were more clarified and made transparent. The innovative no-conflict duty only pertain to situations arising either on or after 1 October 2008 although since a disagreement may occur post this date except relating to a state of affairs in subsistence pre this day, the secure course of act is for corporations to determine prior to 1 October what possible conflicts its managers might have and to give permission these at the onset. (Campbell, 2006, p. 95)
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