DIRECTORS DUTIES - FULL EXAM NOTES (SKELETON ANSWER)

Description

Full Directors Duties notes. Skeleton answer structure, just apply the facts. Directors duties is the biggest part of the Principles of Company Law subject, it is also the most legislative/case heavy in the subject. These notes make it easy to navigate this dense subject area. Contents: Directors Duties - Structure -Is "x" a director -Officers -Has Director breach or will breach a duty? - Duties: Duty to act with reasonable care and diligence - Duty to avoid conflicts of interest and duty to disclose self interested transactions. - Duty to act in good faith in the interests of the company - duty to use powers for a proper purpose -Duty to retain discretion -Fiduciary duties -Directors defences -Shareholder remedies -ASIC remedies -REMEDIES (Equitable Civil and Criminal) -Winding up/liquidation