Directors have the management power in a company. They can sign any contract for the benefit of the company going beyond the object clause of a companys constitution, but which is the principle provided in the Corporations Act (Cth) 2001 that does not allow them to do so frequently?

a Members can remove the directors (s 203C and D).

b. Directors can hold members meeting (s 249).

c. Constitution creates a legally binding contract both for directors and members (s 140).

d. Members can change the constitution by passing a special resolution (s 136).