Week 10 Tutorial 9 week commencing 2 May 2016
What are some of the most significant consequences for directors of
breaching their major statutory and fiduciary duties?
Main Advantages To Incorporation.
The main advantages to incorporation, which are more fully
explained below, include: (1) limited personal liability
protection for the shareholders (owners); (2) perpetual
existence independent of its shareholders; (3) co
WEEK7 TUTORIAL 6
What are the major types of directors a company may have?
Chair of directors,
Executive and non-executive directors,
How are they directors appointed?
According to the replaceabl
What is meant by the term continuous disclosure in terms of corporations and disclosing
entities and why do these organisations have such an obligation?
How do agency law, organic theory and the statutory assumptions set out in s128 & s 129
of the Corporations Act (2001) assist outsiders when a company seeks to avoid a contractual
Limited liability means that shareholders are not personally liable for
their companys debts. The shareholders liability is limited to paying the
issue price of the shares that they own which includes any unpaid amount
on partly paid shares.