Conduct research about the Centro case and the legal actions against DickSmith, described in the Australian Financial Review article by Adele Ferguson: Dick Smith directors hit with legal action from receiver.

Using the AREA framework, find parallels of the situation of DickSmith with the Centro case. Discuss with your group in class, the role of the board of directors as well as their relationship with the executive management of a company and consider whether directors should be held personally liable in these cases.

Link to the Centro Case: https://www.brightlaw.com.au/centro-asic-v-healey-case-note-directors-duties-for-financial-statements/

Link to DickSmith Case: https://www.afr.com/business/retail/afr19adele-column-20170319-gv1fju

Compare and Find the Parallels of the situation of DickSmith with the Centro case,

Dertermine what is the role of the board of director & Director's Liabilities in these case