Question 1 (25%) In Automatic Self-Cleansing Filter Syndicate Co Ltd v Cunninghame (1906) 2 Ch 34, Cozens-Hardy LJ stated at p45: f you once get clear of the view that the directors are mere agents of the company, I cannot see anything in principle to justify the contention that the directors are bound to comply with the votes or the resolutions of a simple majority at an ordinary meeting of the shareholders. I do not think it true to say that the directors are agents. I think it is more nearly true to say that they are in the position of managing partners appointed to fill that post by a mutual arrangement between all the shareholders. Of course, Cozens-Hardy LJ made such statements in the context of the case he was considering. Without referring to the context of the above cited case, critically evaluate the statements made by Cozens-Hardy LJ quoted above in the context of the Hong Kong Company Law. Question 1 (25%) In Automatic Self-Cleansing Filter Syndicate Co Ltd v Cunninghame (1906) 2 Ch 34, Cozens-Hardy LJ stated at p45: f you once get clear of the view that the directors are mere agents of the company, I cannot see anything in principle to justify the contention that the directors are bound to comply with the votes or the resolutions of a simple majority at an ordinary meeting of the shareholders. I do not think it true to say that the directors are agents. I think it is more nearly true to say that they are in the position of managing partners appointed to fill that post by a mutual arrangement between all the shareholders. Of course, Cozens-Hardy LJ made such statements in the context of the case he was considering. Without referring to the context of the above cited case, critically evaluate the statements made by Cozens-Hardy LJ quoted above in the context of the Hong Kong Company Law