Legal & Ethical Issues: ILAC Case Study and Business Management
VerifiedAdded on 2020/03/01
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Homework Assignment
AI Summary
This assignment presents an ILAC case study analyzing legal and ethical issues related to director's duties under the Corporations Act 2001. The case examines the conduct of two directors, Hermione and Ginny, and determines if their actions constitute violations leading to civil liability. The analysis references specific sections of the Corporations Act, including sections 181, 182, 183, 191, and 192, and considers common law principles. The assignment also includes practical business management tasks, addressing topics such as no-liability companies, unclaimed money, the ASIC v Adler case, ACN and ABN details, and company information. The solution provides detailed explanations and legal references to support the conclusions regarding the directors' breaches of duty and potential civil penalties. The assignment demonstrates an understanding of corporate law principles and their application to real-world scenarios.
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