Explain the following ethical considerations for senior financial management and directors of the company in relation to the preparation of the financial reports.

Your answer should be a minimum of 40 words but no longer than 100 words each

Conflict of Interest:

Confidentiality:

Disclosure Requirements - Disclosure of a Directors Material Personal Interests

Circle the Correct Answer below i.e. Yes or No to the following statement:

In accordance with Sections 191-195 of the Corporations Act Does a director of a public company who has a material personal interest in a matter need to disclose that interest to the other directors and refrain from attending or voting in meetings discussing that matter?

Answer: Yes / No