From 2014, Baxby Fashion Ltd to provide high-quality fashion products based on the latest trends at reasonable prices. At the June 2018 board meeting, Tully McDonald, who is currently the chair, advised the rest of the board that he had just signed an agreement to set up and run fashion-watch kiosks in large department stores, in a major venture with Colette Hayman Handbags, a fashion handbag manufacturer. The board was stunned that this was the first that they had heard of the venture, and the CFO, Gordon Dawn, expressed concern that they had no experience of this type of operation and that they knew nothing about Colette Hayman Handbags. However, Edward said that it was a 'done deal' and that he was confident of its success. He said he was very impressed with Mark Hayman from Colette Handbags, with whom he had held several meetings to discuss the project, and that he expected future sales arising from the venture to be significant. Identify two key ASX Corporate Governance Council principles that have been breached and explain how Edward has breached them. (10) Marks