Electrics   Ltd   is  a   Sydney-based   public  company   which   produces  electronic equipment. Popper is the managing director and the otherdirectors are Jones and Brown. Popper, through his holding ofproxies for several institutions, is in a position to control 51%of the shares in Electrics.

Popper's daughter wishes to sell a large block of land she ownsin Newcastle as she is in urgent need of cash. A proposal thatElectrics acquire the land is put to the board by Popper. Poppertables a Real Estate Agent's evaluation of the land for $ 5 millionand discloses that vendor is his daughter. Jones and Brown areinitially unsure of the value of the land to Electrics Ltd. Jonessatisfies himself by speaking to the company's property portfoliomanager who says the land "may be useful when things pick up".Jones knows the property manager is a personal friend of Popper.Brown, who is always busy with his winery business and rarelyattends board meetings, says he's happy to endorse what the othersdecide. The contract is approved. It transpires that zoning changesto the land that occur a few days later reduce its value well below$5 million. Advise Popper on whether he has breached directors’duty of care he owes to Electrics Ltd.

When answering if you could please refer to the Corporations ACT2001 that would be great :)