constitute unfairly prejudicial conduct.
and respondents as to whether particular managerial decision was, as matter of
commercial judgement, right one to make, or as to whether particular proposal relating
to conduct of company’s business is commercially sound, will not satisfy test under s459.
open to court to find that serious mismanagement of company’s business
constitutes conduct that is unfairly prejudicial to interests of minority
accept that managerial decisions can amount to unfairly prejudicial conduct.
will depend in some measure on competence of management – takes risk management
may not prove to be of highest quality.