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Category: Business
Word Count: 2204
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5. Ethics

DIRECTOR¡¯S DUTY AND OBLIGATIONS



CORPORATE STRUCTURE
Earthy Ltd is a company committed to organic food distributions and it provides vegetarian dietary advice. Earthy was incorporated in 2000 due to its growth and has not adopted a constitution and has only one class of shares. The corporate structure is as follows:
Ryan, as the chairman of the board of directors, owns 30% of Earthy¡¯s shares;
Ivan, the managing director in 2000, owns 10% of Earthy¡¯s shares;
Shuana, another director in the board, owns 5% of Earthy¡¯s
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