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In addition to being a non-executive director of AMGL, Dr Dawes is a partner in a consulting business that provides specialist advice to agribusiness on

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In addition to being a non-executive director of AMGL, Dr Dawes is a partner in a consulting business that provides specialist advice to agribusiness on taxation matters. Blue Ltd approaches Dr Dawes' business partners to undertake a review of the taxation position of JV Investor. The fee that is offered for the work will be paid by JV Investor and is very generous-well above current. market rates for the equivalent work. Having regard to Ch 2E of the Corporations Act, would the approval of AMGL's shareholders be required before any agreement is made between JV Investor and the consultants? Issue: Can a Director of a Public Company recelve benefits under a contract with the company? See [17-500], (614-380] and Ch 2E. of the Corporations Act

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