Re Blue Arrow plc
Facts
Facts
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Mrs Watson\-Challis was in the recruitment agency business. Between 1956 and 1982, she had built up a variety of businesses. In business she went by the [pseudonym](/wiki/Pseudonym "Pseudonym") of "Sheila Birch". During this time period, she was connected with Mr Berry. They were impressed by each other's business talents and decided to set up a new company. She transferred her business and shareholdings to the new firm, [Blue Arrow](/wiki/Blue_Arrow "Blue Arrow"), in which she took a 45% stake. Mr Berry took a 55% stake. Blue Arrow had a variety of subsidiaries. Mrs Watson\-Challis was the executive director of the subsidiaries and the "president" of the parent, while Mr Berry was the chairman. By 1984, Mrs Watson\-Challis was travelling overseas, and no longer taking an active part of the company's affairs. The company was floated, it went public. Over time, with many others buying up new share offerings, her percentage of the shareholding went down to 2\.1%. She resigned her directorships, but her position as "president" remained written into the company's constitution, the [articles of association](/wiki/Articles_of_association "Articles of association"). Then she decided she wanted to come back. The management resisted, and they resolved to alter the company's articles so that she could be removed from her position as president. She petitioned the court that such action was "unfairly prejudicial" because she had a legitimate expectation to participate in the company's affairs.


How does running a recruitment agency contribute to building a successful business?