Tree’s Limited is a Company incorporated in Atlantis, engaged in the Manufacture of furniture. Trees Limited is a wholly owned subsidiary of Timber Limited, Mr. Cedar is one of the Directors on the board of Timber Limited and he owns 70% of the shares in Trees Limited. Timber Limited appoints the board of directors for Trees Limited and makes all major policy decisions. In 2006, the furniture manufactured by Trees Limited was faulty due to their use of poor quality steel supplied by Timber Limited. Consequently, Alice sustained injury when the stool, which she purchased from Trees Limited, collapsed. It has been recently discovered that Mr. Cedar knew that the steel was inferior, but ignored the advice of the company’s engineer. The board of directors and the shareholders wish to remove Mr. Cedar as director and to recover the money paid to Alice for her damages.
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