List the Directors' and Officers' Duties That Apply Under the Corporations

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The Answer is The statutory duties imposed by the Corporations Act are:
• act with reasonable care and diligence - s 180
• for directors only - prevent insolvent trading - s 588G
• act in good faith in the best interests of the company and for a proper purpose - s 181
• not misuse position - s 182
• not misuse information - s 183
• disclose certain interests - s 191
• disclose to other officers and vote (proprietary companies) - s 194
• disclose and not able to vote (public companies) - s 195
• avoid related party transactions - Chapter 2E.

List the Directors' and Officers' Duties That Apply Under the Corporations

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List the Directors' and Officers' Duties That Apply Under the Corporations

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Correct Answer:VerifiedShow Answer

Correct Answer:
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