Veil of Incorporartion Essay

Two of them are executive directors namely Des & Cattish, whom are Managing erector and IT Expert respectively, and another two are non-executive directors namely Emma & Wing, whom are Finance director & Guarantor of Business loan respectively. It has been successful since it has establish for last 6 months, but after that it has facing some problems, initially it had IT related problems which avert some of the advertiser’s material from being accessed. As Mr. Cattish who is IT expert and also the director of the GOSH solution engage Trouble Shooters Pity Ltd in order to solve this issue.

On February at board Meeting, Mr.. Cattish reveal that two of their business clients threaten to sue for breach of contract as their were dissatisfy with the service of the GOSH Solution Pity LTd. Emma the Finance director was unable to produce any financial statistic as her subordinate was sick and unable to keep the record up to date and Emma found that company owe large amount to Trouble shooter, Which company got engaged with Trouble shooters in order to solve the IT problems.

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On the other hand Des the managing director of the GOSH Solution Pity Ltd s in disbelief, as Mr. Cattish told to MD that all the IT related issued has been solved since the engagement of Trouble Shooters on the basis of that Mr.. Des signed one of the big advertising contract for the amount $ 10,000 with Promotion Plus Pity Ltd along to get access to trade show of GOSH.

This contract is very vital to bring back the company into prosperous track and may get many potential clients via this conference. Wing is surprised to hear all this on board meeting, apparently it seemed that GOSH solution is not managed properly and it losing it potential business opportunities and this situation leads to Wing the director of Support Pity Ltd to make an offer to buy the full shares of GOSH Solutions at a bargaining price.

Now the first issue here is to decide that whether Emma, the non-executive finance directors has breach the duties of care or not, since she was unable to present the true picture of financial statistic on the board meeting because the employee who look after the account had been sick and also the large amount was due to the Trouble shooters.