Which ONE of the following is CORRECT?

The articles of association of Zed Ltd provide that Z is to be an executive director for life.

Zed is also a shareholder in the company.

Which ONE of the following is CORRECT?
A . Despite the provision in the articles Z can be dismissed at any time by an ordinary
resolution.
B . As an executive director Z is an employee of Zed Ltd and is entitled to employment protection rights.
C . Z may sue the company for breach of contract in respect of the provision in the articles of association as they form a contract between the members and the company.
D . Z is entitled to vote as a shareholder in relation to a proposed resolution to dismiss him as a director.

View Answer

Answer: C