Conduct research about the Centro case, 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 Dick Smith 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.

ANALYSE:(30-50words):Identify the issue and why it matters. Detemine what you find out.

RESAERCH:(200-250 words): Present relevant facts and evidence, or issues.

EVALUATE & ANSWER:(200-250 words): Provide your opinion of these themes or issues you have identified, justified by the evidence you have gathered and evaluated.