Allan, Beauty and Collins were partners of a partnership before they incorporated ABC Ltd to replace the business of the partnership. They are the directors and the shareholders of the company, and each of them holds one third of the company’s shares. The company adopts Table A of the Companies Ordinance (Cap 32) as its articles of association.About one month ago, by a properly convened shareholders’ meeting, it was resolved that Beauty and Collins were to take full responsibility for the management of the company. The resolution was objected to by Allan when it was passed.Required:Advise Allan as to whether any unfairly prejudicial conduct has been committed by Beauty and Collins. (10 marks)
