Remedies Against Company Refusing to Appoint Director

Question

Bill is the managing director and a member of Biomed Ltd. The constitution of Biomed Ltd provides, as follows:  "Bill shall be employed as Biomed Ltd's Chief Medical Officer for a period of five years after incorporation at a salary of $150,000 per annum." Bill informs you that following incorporation, the company has refused to employ him. Advise Bill.

Summary

The question belongs to Law and it discusses about refusal of a director’s employment after the constitution of the company explicitly states about his employment after incorporation for 5 years. The legal remedies that the person can sought have been given.

Total Word Count 41