Yang Is a Director of a Public Company and Is

Multiple Choice

Yang is a director of a public company and is concerned that he may have breached his fiduciary duty to avoid a conflict of interest. In order for Yang to avoid liability he should;

A) Not say anything and hope none of the shareholders notice.
B) Make full disclosure to the company at a general meeting and get approval from the members in the form of a resolution approving the transaction in issue.
C) Make disclosure of the issue to his fellow directors.
D) Alert ASIC to the issue, make full disclosure to ASIC and get a waiver from ASIC.
E) There is nothing he can do. The rules relating to conflicts of interest are strict and Yang should never have placed himself in that position.