https://www.wrg.com.au/the-rights-of-a-shareholder-in-a-private-limited-company/
Right to sue for wrongful actsThe rights of a shareholder in a private limited company include the right to sue directors and executives for wrongful acts.
What are the consequences of failing to perform director duties?If you fail to perform your duties as a director, you may:be investigated, charged and convicted of a serious criminal offencehave contravened a civil penalty provision and the court may order you to pay a finebe personally liable to compensate the company or others for any loss or damage they sufferbe disqualified from managing a company.
https://asic.gov.au/for-business/small-business/starting-a-small-business-company/small-business-company-directors/company-director-liabilities-when-things-go-wrong/#consequences
https://www.wrg.com.au/the-rights-of-a-shareholder-in-a-private-l...
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