True/False
Olympia is a director of Trade Toys Ltd and also is the sole shareholder of LittleKids Pty Ltd. Olympia owns no shares in Trade Toys Ltd and is not a director, officer or employee of LittleKids Pty Ltd. Trade Toys Ltd enters into a large contract with LittleKids Pty Ltd. Olympia makes no disclosure of her interest in LittleKids Pty Ltd to the directors or shareholders of Trade Toys Ltd. It is likely Olympia has breached her duty to LittleKids Pty Ltd to avoid a conflict of interest.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: What are the disclosure obligations of a
Q12: Theodore is a director of Big Bike
Q13: Under what circumstances can a director of
Q14: If a director has a material personal
Q15: Sahil is a director of Dog Toy
Q17: Marly is a janitor employed by Large
Q18: What is 'good faith' in the context
Q19: When does a director's conflict arise?
Q20: Under what circumstances can a director of
Q21: What are the disclosure obligations of a