HD summary/exam Corporations Law notes

Description

High Distinction exam notes 2023. Covers all topics and is in attack-plan form. Refer to sample page for topic break down. DIRECTOR DUTIES Good faith & proper purposes: 1. Duty to act in good faith & in the best interests of the company [statutory] (page 2). 2. Duty to act for a proper purpose [statutory] (page 4). Conflicts & profits: 1. No conflict rule [general law] (page 6). 2. No profit rule [general law] (page 7). 3. Disclosure of material personal interests [statutory] (page 8). 4. Improper use of position [statutory] (page 9). 5. Improper use of information [statutory] (page 9). 6. Related party transactions [statutory] (page 10). • Ratification (page 12). • Relief from liability (page 14). • Remedies for breach of duty (page 16) CORPORATE CONTRACTING PAGE 17 MEMBERS REMEDIES PAGE 25 • Personal remedies: 1. Statutory & general law rights (page 25). 2. Oppression (page 26). 3. Statutory injunction (page 30). 4. Equitable constraints on alteration of the constitution (page 31). 5. Winding up (page 33). • Statutory derivative action (page 36).