Business Obligations, Ethics, Privacy-

Frank is a Director and shareholder of Ayurveda Organics Pty Ltd ('the company'). At a recent Directors' meeting, the Directors decide to choose a new supplier. It is a very lucrative contract. Frank has a financial interest in ABC Supplier but fails to mention it to the other Directors. ABC Supplier is awarded the contract.

a) Has Frank breached any legislation as a Director? Explain discussing legislation and relevant case law (note we don't require common lawdutiesonly legislative duties*here). (4 marks)

b) Has Frank acted ethically? Make clear what you base your answer on. (2 marks)

Frank has now been asked by a marketing organisation to share 'client and other' information so they can expand their marketing database.

c) Based on Commonwealth law only, explain why or why not the Australian Privacy Principles apply to Ayurveda Organics.(2marks)

Ayurveda Organics Pty Ltd (the company) owes $4 million dollars.Frank is worried, as a shareholder will he have to pay any money to satisfy the debt of the company?

d)Can Frankas a shareholderbe sued personally and be made liable for debts of the company, explain using case law?