The constitution of FWPL allows for the directors to pay a dividend to holders
of A Class shares at their discretion. Over many years, the company had paid
a dividend which, although not sizable, was sufficient for the shareholders who
chose to do so, to live on. However, Mario and his siblings are angry about the
discontent that Jason has been stirring up among the Galli grandchildren,
some of whom they see as lazy and undeserving. So the board of GML
resolves not to pay a dividend to the A Class shareholders this year, and
instead, to retain earnings to fund the development of the organic vineyard at
Robinvale. What action, if any, can the Galli grandchildren take in respect of
non-payment of the dividend?
