Business Law: Code of Conduct, Director's Duties, Financial Records, Privacy Act, Due Diligence

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Business Law

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Table of Contents
Part B..........................................................................................................................................3
Answer to question 1..............................................................................................................3
Answer to question 2..............................................................................................................3
Answer to question 3..............................................................................................................4
Answer to question 4..............................................................................................................4
Answer to question 5..............................................................................................................4
Reference List............................................................................................................................6

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Part B
Answer to question 1
Any policy with regard to Code of Conduct implies the governance of any organisation in a
proper and appropriate manner thereby leading to the prevention of malpractices to a great
extent. The Code of Conduct for ABC Importers Limited would imply the prevention of all
kinds of malpractices with regard to its overall modus operandi accordingly (Becker, 2018).
It would also lead to the mutual co-operation amongst the staff of ABC Importers Limited in
an incredible manner without any kind of major hurdles and obstacles (Davies, 2016). If the
contractors are directly involved in the projects of the ABC Importers Limited, the Code of
Conduct would apply to them also since they would be in receipt of the respective wages on
being responsible for the completion of the tasks on a timely basis thereby leading to
comprehensive solutions accordingly. Any kind of breach of the Code of Conduct by any
person engaged with ABC Importers Limited would result in stringent action to be
undertaken (Tweedale, Czachor and Wright, 2017). Taking into consideration about the
ongoing issues with regard to the modus operandi of ABC Importers Limited, it is imperative
that the Code of Conduct would help in the resolution of such issues in an effective and
efficient manner thereby leading to the professionalism amongst the staff of ABC Importers
Limited to a great extent (Cramer, 2017). It is further projected that the Code of Conduct
would help in the improvement of the overall functioning of ABC Importers Limited to a
drastic level which may lead to t a total overhaul of the administration of ABC Importers
Limited accordingly (Mamic, 2017). The aspect pertaining to the application of the
respective Occupational Health and Safety legislation would also help in the formulation of
the Code of Conduct in the desired manner.
Answer to question 2
A director is required to hold a specific set of qualifications as far as holding of shares is
concerned as per the articles of the respective company as per Sub-section 1 of Section 223 of
the Corporations Act of 1989. It further states that if no such qualification is held, it is to be
obtained within two months of being appointed as a director. Sub-section 2 of Section 223 of
the Corporations Act of 1989 implies that the qualification must not be held by two or more
directors on a joint basis. Section 180 of the Corporations Act of 2001 implies that duty to
take care and due diligence on part of the directors of the company as far as its best interests