【分析解答题】

Arjun,Bongsu andChan are the directors ofCahaya SdnBhd, a company dealing in the export of timber. Last month,Arjun was sent to Japan on behalf ofCahaya SdnBhd to negotiate a contract with a Japanese company. Unfortunately the negotiations were not successful, and it was made clear toArjun that the Japanese company did not want to offer any contract toCahaya SdnBh

D、Arjun reported this to the board of directors upon his return. Two weeks later he resigned from the company and managed to secure the contract with the Japanese company in his own name. He has made a very substantial profit from this contract.Cahaya SdnBhd has now discovered this and wishes to sueArjun for breach of fiduciary duty as a director and recover the profit he has made.Required:AdviseCahaya SdnBhd on the legal position. (10 marks)