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(3) Remedies for Breach of Duty In most jurisdictions, the law provides for a variety of remedies in the event of a breach by the directors of their duties: 1) Injunction or declaration. 2) Damages or compensation. 3) Restoration of the company’s property. 4) Return of profits. (4) Members’/Shareholders’ Rights 1) Voting rights. 2) Rights to obtain a dividend. 3) Rights to transfer their shares. 4) Rights to sue. 5) Rights of inspection. (5) Winding Up Winding up is the process of bringing a company to an end and it is also called as liquidation or dissolution. Liquidations generally come in t
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