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Question 5 (7 marks) (Topic 10 Membership and Director's duties) Required: Outline the director's and officer's duties under s 180 (1) of the Corporations Act.

Question 5 (7 marks)

(Topic 10 Membership and Director's duties)

Required:

  1. Outline the director's and officer's duties under s 180 (1) of the Corporations Act. Explain it briefly. (3 marks)
  2. With reference to the case ASIC v Hellicar [2012] HCA 17, explain why the CEO, CFO and the company secretary of James Hardie breached their duty in relation to s 180 (1) of the Corporations Act. Explain it briefly. (4 marks)

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