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However, there is a matter that should not be overlooked. Even if the petitioner…
The main problem, therefore, is that applications made based on the alleged mismanagement…
Re Macro (Ipswich) Ltd(312) can be given as an example of when a big financial loss of a company because of mismanagement has been accepted as unfairly prejudicial conduct. One of the sole directors of the company who was also the director in two associated companies neglected his duties of company management for many years. Because of his mismanagement, the employees abused the company assets by stealing the company’s commissions that had been earned by the estate agents of the company.(313)…
Consequently, the cases above indicate that judges look for serious mismanagement…
One of the reasons for mismanagement of a company’s business is breach of fiduciary…
