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Evaluate whether the principle of “enlightened shareholder value” has been adopted in English company law (500 words) Remember to support your answers with statute, caselaw and academic opinion.

Company Law Coursework
In 2018, Abedi and Kris set up an online sportswear retail business in partnership. The business was very successful and in 2020 they decided to incorporate it as a company. A certificate of incorporation for AK Sports Ltd was issued on 1 January 2020. Abedi and Kris were the only directors. The company had 1000 shares and Abedi and Kris held 500 shares each.
Since January, Kris has taken little interest in the running of the business. He does not read the information Abedi sends him about the company’s finances and goes along with all Abedi’s decisions without question. Abedi has recently signed a contract with a Brazilian company, Torres Ltd which supplies football boots. She knows that Torres has a reputation for low pay and poor treatment of workers and strongly suspects that its leather production is not environmentally friendly. However, the products are cheap and Abedi is convinced the deal will help them maximise profits.
In September 2020, Abedi’s sister Sasha joined the company. Abedi and Kris both transferred 50 shares each to Sasha. Kris disagreed with Abedi and Sasha about the future direction of the company, resulting in a big argument. Last week, Abedi and Sasha called a general meeting where an ordinary resolution was passed to remove Kris as a director. Kris is angry and upset.
1. Advise the directors:
(a) Whether they have breached any of their legal duties
(b) Whether Kris’s removal as a director was lawful
(1000 words)
(500 words)
(c) Whether Kris might have any other remedies in connection with his removal (500 words)
And
2. Answer ONE of the following:
LEVEL 6 STUDENTS ONLY
Evaluate whether the principle of “enlightened shareholder value” has been adopted in English company law
(500 words) Remember to support your answers with statute, caselaw and academic opinion.
THIS WORK REQUIRES:
1. Demonstrateasoundunderstandingoftherelevantlegislativeframework;
2. Critically analyse factual situations and identify and apply relevant legal
concepts; and
3. Resolve novel problems relating to the relevant aspects of company law.

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