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Nick, Charlie and Ben operate several wine bars across inner-Melbourne through their company Bright Young Things Pty Ltd. The three of them are the company's directors and each owns 25% of the shares in the company. The company uses a constitution to govern its internal rules.
Isaac is Bright Young Things Pty Ltd 's craft beer expert. The company's constitution states that he is to have that position for four years (he started at the company three months ago). Isaac is also a member of the company, holding 15% of its shares. Three days ago, Nick, Charlie and Ben told Isaac that he will no longer be the company's craft beer expert from 30 September 2022 and that although he will not lose his shares, he will not be permitted to attend company meetings or receive dividends from that date. Isaac is very unhappy and tells Nick, Charlie and Ben that Bright Young Things Pty Ltd's constitution states that the company must declare dividends for every year that it makes a profit.
Question:
Isaac is very unhappy about Nick, Charlie and Ben's plans. He claims that the directors cannot dothis to him. Can he obtain a remedy? Explain your answer using IRAC.
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