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10 Pages • Essays / Projects • Year Uploaded: 2023
ACC3702 Discussion 2 Question 2 and the complete essay Question 2 Grow-up-Smart Pte. Ltd was set up to provide tuition services to primary school children. Its directors are A,B,C. Its members are A,B,C as well as a D who is generally a passive investor, with each of them holding 25% of the shares in the company. (a) At a Board meeting 6 months ago, A & B proposed terminating the services of the school’s Principal, Prof X after 1 year into her contract. C disagreed with this move as Prof X has impressive academic qualifications and it was precisely because of this that Prof X had earlier successfully negotiated for a clause to be inserted in the company’s Constitution that she would be appointed as Principal for a period of 3 years. Although no resolution was passed, C is afraid that he will be outvoted if A and B raise the matter again, and Prof X who has heard of this is worried. Advise C and Prof X. (30%)
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