2OpinionDirectors are the custodians of an organization’s governance as they manage corporationson the shareholders’ behalf. The Corporations Act of 2001 vests certain responsibilities and duties on directors. The director has a duty to ensure that their actions are undertaken in good faith and that he/she should give priority to the company’s interests (Asic.gov.au, 2018). In addition, a director has an obligation to ensure that their individual interests do not conflict with that of the company. This means that Jenny Huston failed to observe her duties as the former chairwoman of G8 Education. Huston had been charged with using her position as G8 Education’s director dishonestly. Evidently, she had used her position inappropriately for personal gain at the company’s expense. Furthermore, she authorized the provision of false information to a financial market operator. This resulted in the breach of Huston’s duty not to use information improperly to gain advantage for herself to the company’s detriment (Awlnsw.com.au, 2018). In the case of Linc Energy, the founder Peter Bond had the responsibility to provide accurate information and communicate Dunk Island’s inability to be reopened instead of insisting that it would resume operations when this was not the case. When directors are dishonest and do not stay informed about the company’s finances then it can lead toliquidation and shareholders losing their investment like is the case for Dunk Island.Santos has taken the right move by conducting due diligence before it acquires Harbour Energy, a private equity firm based in the US (Kruger, 2018). However, the new board will not have adequate time to perform certain obligations before the acquisition. In order for a director toensure that they are up-to-date with a company’s activities they need to question the staff and managers about the on-goings of the business (Asic.gov.au, 2018). The new directors will also need to assess how the proposed action to acquire Harbour Energy will affect the performance of

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