Patricia Henry attends an industry conference at which she meets an agricultural

scientist who is working on a process to extract value from the waste products of

feedlots. The scientist is very keen to enter into a joint venture with a significant

producer to test and hopefully commercialise the technology. At Patricia's

suggestion, the scientist prepares a proposal and presents it to the board of

SAFPL. SAFPL is impressed by the technology and the opportunity it presents for

the business, but because of the significant investment it is making in the organic

farm in the Riverina, is not in a position to take it up. After the meeting, Patricia

phones the scientist and says that she would like to invest her own money in the

project. Patricia does not tell her fellow SAFPL directors of her decision. Is

Patricia allowed to make the investment?