The constitution of FWPL allows for the directors to pay a dividend to holders of A Class shares at their discretion.
ACC204 T2 ASSESSMENT 2 1200 word (+/- 10%) assessment Question 1 The constitution of FWPL allows for the directors to pay a dividend to holders of A Class shares at their discretion. Over many years, the company had paid a dividend which, although not sizable, was sufficient for the shareholders who chose to do so, to live on. However, Mario and his siblings are angry about the discontent that Jason has been stirring up among the Galli grandchildren, some of whom they see as lazy and undeserving. So, the board of GML resolves not to pay a dividend to the A Class shareholders this year, and instead, to retain earnings to fund the development of the organic vineyard at Robinvale. What action, if any, can the Galli grandchildren take in respect of non-payment of the dividend? This question is covered in week 8 topics, see chpts 15-16. Your answer should cover; Who can apply. What is oppression. Remedies where there is oppression and apply your findings to the to the f...