The Corporations Act 2001 (Cth) provides defences for director’s conduct that may otherwise breach sections of...

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Accounting

The Corporations Act 2001 (Cth) provides defences fordirector’s conduct that may otherwise breach sections of the Act.Identify these defences for directors and explain how thesedefences can be applied in relation to that particular breach.

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There are several legal protections or defences available to directors as set out below Business judgment rule Directors will meet the requirement to exercise due care and diligence both under the Corporations Act and the common law if when making a business judgment that is any decision to take or not take action in respect of matters relevant to the business operations of the company they act in good faith and for a proper purpose do not have a material personal interest in the matter inform themselves to the extent they reasonably believe to be See Answer

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