Workshop 4 - Ray.docx - Workshop 4 Question 1 no IRAC What...

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Workshop 4: Question 1- no IRACWhat is the difference between:(a) a managing director and a chair?(b) a nominee director and an alternate director? Answer: Question 2- IRAC Kelvin-Decline Ltd manufactures and wholesales fashion clothes. The company has 3 directors, including Kelvin, the managing director. The company does not have a constitution. The directors are negotiating to sell the company's factory and to shift manufacturing to China. All the members attend an annual general meeting of the company and thedirectors advise the meeting about their plans for the future. The members disagree with the factory closure and a resolution is passed by 80% of the votes that the company is not to sell its manufacturing facility. The directors tell the members that they will ignore their resolution. The members then

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