– DIRECTORS’ DUTIES, Corporations Act 2001 (Cth)- (approx. 1200 words)…

DIRECTORS' DUTIES, Corporations Act 2001 (Cth)- (approx. 1200 words) a). Should directors and other officers of a company exercise their duties with ‘due care and diligence’? Does the ‘business judgment rule’ protect them if their decisions are not in favour of the company? b) Explain the duty of directors to “act in good faith and for a proper purpose” and “duty to disclose all material and personal interest”. MLC101 Research Paper/In Class Test T2 2018 2 c) Explain the directors’ duties to ‘not to misuse their position’ and ‘information’ to gain an advantage or cause damage to the company. d) What are the remedies (civil & criminal liability) available under the Corporations Act 2001 (Cth) for breach of directors' duties? Provide the relevant sections of the Corporations Act 2001 (Cth) and cite a minimum of one case example for each section to support your discussion.

 

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