Electrics Ltd is a Sydney-based public company which produces electronic equipment. Popper is the managing director and the other directors are Jones and Brown. Popper, through his holding of proxies for several institutions, is in a position to control 51% of the shares in Electrics.

Popper's daughter wishes to sell a large block of land she owns in Newcastle as she is in urgent need of cash. A proposal that Electrics acquire the land is put to the board by Popper. Popper tables a Real Estate Agent's evaluation of the land for $ 5 million and discloses that vendor is his daughter. Jones and Brown are initially unsure of the value of the land to Electrics Ltd. Jones satisfies himself by speaking to the company's property portfolio manager who says the land "may be useful when things pick up". Jones knows the property manager is a personal friend of Popper. Brown, who is always busy with his winery business and rarely attends board meetings, says he's happy to endorse what the others decide. The contract is approved. It transpires that zoning changes to the land that occur a few days later reduce its value well below $5 million. Advise Popper on whether he has breached directors duty of care he owes to Electrics Ltd.

When answering if you could please refer to the Corporations ACT 2001 that would be great :)