John is a member of CyCo Ltd holding 24% of its issued share capital. CyCo Ltd has not distributed any of its profits to the members as dividends for a long time. John is dissatisfied with the board of directors of CyCo Ltd, which does not appear willing to recommend a declaration of dividends, and would like to take action. George, another member of CyCo Ltd, holding 27% of its issued share capital, is prepared to support John’s action.Required:Advise John of the ways in which he can take action. (10 marks)
