COMPANY LAW -Chapter 13

Part a) Christine, Sharni and Mandy are the directors of Layabout Ltd, a company that manufactures camping equipment. Sales are falling and the directors are worried about the future prospects of the company. At a directors' meeting it is resolved that a marketing campaign to promote the company's products will be put out to tender.Part of the campaign will involve television advertising and Christine wants the company to employ her husband Sunil to appear in television commercials as he has experience modelling and has taken acting lessons. It is expected that Sunil will be paid $100,000 by Layabout Ltd to be the 'face' of the company in the television commercials.

Question :

Describe the procedure under the Corporations Act the company and Christine must follow in order to employ Sunil for the advertising campaign.