Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How do i solve the following questions by writing a MOA using IRAC Client File Extract 1. Mr. Andy Lee Mr. Lee is a single

How do i solve the following questions by writing a MOA using IRAC

image text in transcribed
Client File Extract 1. Mr. Andy Lee Mr. Lee is a single 50-year-old public servant who wishes to invest his savings of $100,000 by building up a 'blue-chip' share portfolio in relatively safe, well known and respected companies. Mr. Lee was a keen observer of the Royal Commission into Misconduct in the Banking. Superannuation and Financial Services Industry in 2019 and has strong views about corporate ethics and the remuneration of directors. Mr Lee wants to exercise his vote as a shareholder to ensure that company directors are not being overpaid. He is also keen to ensure there is proper corporate governance and the directors are managing the company efciently and ethically. Mr Lee is unsure whether he should buy shares in a public company or a proprietary company. He is also unclear about what class of share or shares would best suit his particular investment interests. Required Questions 1. Should Mr. Lee purchase shares in a public company or a proprietary company? Explain why, using your own words. 10 Marks 2. What class, or classes of shares do you think would be most suitable for cur client Mr. Lee? Explain why, using yOur own words. 10 Marks Please support your answers to both questions with relevant sections of the Corporations Act 2001f andlor case law

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics Theory and Applications with Calculus

Authors: Jeffrey M. Perloff

3rd edition

133019934, 978-0133019933

Students also viewed these Law questions