Are there any breaches of the corporations law

Assignment Help Business Law and Ethics

Reference no: EM133505727

Case Study: Brendon is the Managing director of a small mining company named "Auspicious metals". There are two other directors. The company has recently raised $10 million dollars from its shareholders for the purposes of further exploration.

The board decides to purchase a luxury Genesis motor vehicle for each director as well as incorporate a clause in their contracts to have a $500,000 dollar termination payment should any of the directors leave the company.

There is no disclosure of the above payments.

Brendon also gives an exploration contract to his cousin without informing the other directors that he is a cousin.

Questions: A shareholder seeks your advice.

Are there any breaches of the Corporations Law? Please detail the relevant sections.
Are there any cases that are similar?

Reference no: EM133505727

Questions Cloud

What is the probably that a randomly selected person from : Are 'Preferred vehicle type (Hybrid or Combustion)' and 'Gender (Male or Female)' mutually exclusive events? Give reasons. What is the probably that a randomly

Identify bhps sustainable competitive advantages : MGT5STR Analysing Business Strategy, La Trobe University - Identify BHP's sustainable competitive advantages and their contribution to BHP's strategy

What principle of law will apply : Can they terminate the contract? Can they get damages? What principle of law will apply? Are there any cases that assist your arguments?

Identify three basic human needs : Identify three basic human needs that need to be met for students to develop motivation. Explain how meeting and not meeting these needs affects motivation.

Are there any breaches of the corporations law : Are there any breaches of the Corporations Law? Please detail the relevant sections. Are there any cases that are similar?

What provisions of the acl may apply : What Provisions of the ACL may apply? Are there any cases that may assist your arguments? If New Age Robots had permission and had paid for use

Is there a good text-picture match : Is there a good text-picture match? Does it provide nonlinguistic visual cues? Do situations and characters represent diverse cultural groups?

When the ship arrives in sydney for the first consignment : When the ship arrives in Sydney for the first consignment to Melbourne the ship is in a terrible state and requires maintenance and repairs that take four month

What provisions of the australian consumer law jack could : Does Jack have a claim against Fair Dinkum Pty Ltd under Australian Consumer Law? What provisions of the Australian Consumer Law Jack could rely on?

User Account

All Pages