Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the corporations act 2001 (cth) provides defences

The Corporations Act 2001 (Cth) provides defences for director’s conduct that may otherwise breach sections of...

50.1K

Verified Solution

Question

Accounting

The Corporations Act 2001 (Cth) provides defences fordirector’s conduct that may otherwise breach sections of the Act.Identify these defences for directors and explain how thesedefences can be applied in relation to that particular breach.                                                 

Answer & Explanation Solved by verified expert
4.4 Ratings (808 Votes)
There are several legal protections or defences available to directors as set out below Business judgment rule Directors will meet the requirement to exercise due care and diligence both under the Corporations Act and the common law if when making a business judgment that is any decision to take or not take action in respect of matters relevant to the business operations of the company they act in good faith and for a proper purpose do not have a material personal interest in the matter inform themselves to the extent they reasonably believe to be    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

pH of Aqueous Sulfuric Acid Calculate the pH of a 2.07×10-3 M solution of H2SO4. (Ka...

Chemistry
Q

Offer suggestions on how revenue management can be used to actually enhance guest loyalty in the...

General Management
Q

Challenge 1 In red phalaropes the females are much more brightly colored than the males...

Biology
Q

Question 2 25 pts Prove that Va b Z where p is a prime number...

Algebra
Q

Rationalize the denominator 0 Use sqrt to input a square root into WeBWorl For example...

Algebra
Q

A coin is tossed three times. Find the probability of getting...

Accounting
Q

Notes 5.9 a. Non-current a The following are the financial statements of Eddie B hd...

Accounting
Q

Calculate the missing amount for each of the following notes receivable.

Accounting
Q

On March 15, American Eagle declares a quarterly cash dividend of $0.125 per share payable...

Accounting
Q

On July 1, 2014, Ellsbury Inc. entered into a contract to deliver one of its...

Accounting
Q

QUESTION 4 REQUIRED Study the information provided below and prepare the Cash Flow Statement of...

Accounting
Q

Question 23 (3 points) Consider the following information - SO -0.8 Euro/$: RUS - 4%;...

Finance