Final exam corporations notes

Description

HD FINAL EXAM NOTES - Includes cases and relevant legislation/notes - including topics: 1. Nature of corporations 2. Raising finance 3. Internal governance arrangements 4. Company contracting 5. Divison of powers: Shareholders and the board 6. Directors’ duties a. Officers & definitions b. Duty of care, skill and diligence i. General law duty of care, skill and diligence ii. Statutory duty of care, skill and diligence c. Best interests duty i. General law best interests duty ii. Statutory best interests duty d. Fiduciary duties i. No conflicts ii. No profits e. Other statutory duties i. Misuse of position – s 182 ii. Misuse of information – s 183 iii. Material personal interest – s 191 iv. Voting restrictions in public companies – s 195 v. Voting restrictions in proprietary companies – s 194 vi. Duty to prevent insolvent trading – s 588G 7. Penalties a. Civil b. Criminal c. Order of proceedings 8. Members’ remedies a. Remedy for Oppression or Unfairness b. Statutory Derivative Action c. Injunction remedy d. Winding Up 9. Liquidation 10. Voluntary administration