ASIC v Parker [2003] 21 ACLC 888: A Case Study in Director's Duties

This case study examines the landmark Australian case of ASIC v Parker [2003] 21 ACLC 888, which involved a director's breach of fiduciary duties under the Corporations Act. The case highlights the importance of directors acting in good faith and in the best interests of the company, as well as the consequences of failing to disclose personal interests. We analyze the facts of the case, the relevant sections of the Corporations Act, the court's decision, and the implications for corporate governance in Australia.