Solution Library

Australian Corporation Law

Law Sample Solution


Short Answer Questions – Australian Corporation Law


1. Do directors have duties to individual shareholders?


The fiduciary and statuary duties of directors will generally be owed to the company as a whole. Only rarely will directors have such duties towards shareholders. In the 1902 case of Percival vs. Wright, the court held in a case where the directors acquired shares from the shareholders without disclosing to them that they intended to sell it for a higher sum. The same directors were under no obligation to disclose the same to the shareholders


The directors have a duty to act in the bonafide interest of the company as a whole however; these interests vary from time to time depending upon circumstances. There's also been increasing pressure to broaden the range of legal and social obligations which a corporation has to its stakeholders. This is again reiterated in the case of Walker vs. Wimborne where the court decided that it was the duty of directors to consult the interest of the country alone.

Corporations law in Australia by Roman Tomasic, Stephen Bottomly and Rob McQueen 2nd edition the federation press 2002.

In relation to large companies the directors’ duties to the shareholder may arise in the advent of a takeover but it is minimal in the sense that it may be restricted merely to a duty to not mislead the shareholders.
Authors believe that in present times, since companies operate in social environments, there is a greater expectation placed upon them today; companies must adhere to environmental law, health and safety regulations etc, as well as the socio economic environment in which they operate.

ASX guidelines published in 2003 are one such device which tries to ensure that companies keep with principles of good corporate governance. And though the primary duty of a director is towards the company as a whole, the mere fact that the shareholders are the primary force ensuring that the business is a going concern and that they are responsible for electing the very directors themselves ensures some part of care on the part of the same.


Australian Corporation Law Assignment Experts Profile:

  • Masters in business law from one of the top law colleges of UK and is currently working as a partner in one of the prestigious law firms of London. With extensive industry experience he has also been invited as a guest lecturer in the top b-schools of London.
  • Pursuing her JD in (PhD) in Criminal Justice and Security from Connecticut she is herself aware of the requirements of the criminal law students. Her criminal law essays reflect her developed research skills, technique and thinking. Depending on the students' requirements she can give detailed guiding on any criminological topic.

Looking for Australian Corporation Law Assignment Help or Australian Corporation Law Essay Help? Our team of Australian Corporation Law experts with several years of teaching experience would be happy to help you with your assignments. 


HelpWithAssignment.com is the #1 Australian Law Assignment Help Writing Service:  

Australian Law Assignment

The prominent features of our Australia Law Assignment help service include:

  • Timely Delivery
  • Strict Privacy Policy
  • Phd level tutors
  • Customised services for students
  • 100% plagiarism free solutions
  • 24/7 Service Guarantee
  • Prices within budget
  • Money back guarantee
  • Several years of Experience in offering Assignment Help Writing Service

 How does our assignment help service work? 

Nursing assignment help

Fill up the assignment help request form on the right or drop us an email at support@helpwithassignment.com. Feel free to contact our customer support on the company 24/7 Live chat or call us on 312-224-1615. 

 

Download

Comments

  • HWA
    Rasha

    this is a very good website

  • HWA
    maani

    I have 50 questions for the same test your page is showing only 28

  • HWA
    joeanne

    hi can you please help or guide me to answer my assignments. thanks

  • HWA
    joeanne

    hi can anyone help or guide me to my assignments. thanks

  • HWA
    Monik


  • HWA
    Cristina

    This solution is perfect ...thanks

  • HWA
    Janete

    Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes

  • HWA
    Sandeep

    Perfect bank of solution. 

  • HWA
    Oxana

    great !

  • HWA
    Paul Brandon-Fritzius

    thanks for the quick response. the solution looks good. :)

  • HWA
    tina Johnson

    thnx for the answer. it was perfect. just the way i wanted it. 

  • HWA
    Giuseppe

    works fine.