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1. How are fiduciary duties different from statutory directors' duties? How has the Corporations Act tried to align and balance fiduciary and statutory duties that
1. How are fiduciary duties different from statutory directors' duties? How has the Corporations Act tried to align and balance fiduciary and statutory duties that directors owe to the company? 2. What is the scope of statutory duties for directors under the Corporations Act, 2001? 3. What does 'best interests of the corporation' mean in the context of the Corporations Act, 2001. Explain your answer with the help of examples and any relevant case law. 4. What is the meaning of 'proper purpose' in relation to directors' duties under the Corporations Act, 2001? 5. How do statutory duties facilitate companies being more socially responsible? Explain with the help of relevant provisions under the Corporations Act 2001 and any relevant regulations such as the ASX listing rules? 6. 'Directors must avoid conflict of interest situations.' Explain this statement with the help of relevant provisions under the Corporations Act 2001 and any applicable case law. 7. 'Directors and other officers are under a duty to exercise reasonable degree of care and diligence.' Explain this statement with the help of relevant provisions under the Corporations Act 2001 and any applicable case law. 8. How can directors avoid liability for breaching their duty of
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