|Original Message Added : 9 Aug 2012|
I am one of two directors in a small limited company, with 50-50 ownership.
My co director has, without telling me, started a business as a sole trader engaged in the same industry as the limited company. I have discovered this without his knowledge. He is handing out his own business cards to existing customers of the limited company. He makes all kinds of excuses to justify his absence whilst he is engaged in his own business. Is he breaking the law as a director, and can he be legally made to declare all earnings from his business activities?