Lindsay is a director and shareholder in Seloc Ltd, a large public company in the retail sector. Recently, the board of Seloc Ltd was considering whether to hire a specialist transport company. Lindsay told the board that his private company, Wolf Pty Ltd, would like the job. Seloc Ltds board agreed and a contract for transport services was signed. (a) Explain what steps should be taken to ensure that there is no contravention of the Corporations Act. (b) To what extent would your answer to (a) be different if Seloc were a proprietary company.