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In 2005 F, G and H formed a private limited company to pursue the business of computer software design. They each took 100 shares in the company and each of them became director in the new company. AOA of the company were drawn upto state that F, qualified lawyer, was to act as company’s solicitor for period of 5 years at salary of $2000 per year. In 2008 G and H found out that F had been working with a rival software company and has passed on some secret research results to that rival
Please explain me that whether G and H can remove F from her role as company director?
Where a director is found to be acting contrary to the company’s best interests it is available for director to be removed from office
It is, interestingly, also available to have that member’s shares cancelled (Sidebottom v Kershaw Leese)
As for an employment contract for 5 years, look at the case Eley v Positive Government Life Assurance Co Ltd
OK?
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