Question
Rio is a director of a large public construction company. With the easing of border restrictions she is looking forward to a 3 month trip
Rio is a director of a large public construction company. With the easing of border restrictions she is looking forward to a 3 month trip overseas. The company is facing increasing difficulties in sourcing supply materials and there are many important decisions to be made by the company over the coming months. Despite this, Rio decides she will still take her trip after a busy 2 years and asks the board not to contact her during this time. Which one of the following is correct?
| a. | Rio must appoint an alternate director to step in for her with the consent of the other directors. | |
| b. | Rio can take time off and have a break from acting as a director without breaching her duties as a director of the business if she feels the other directors are capable of running the company without her. | |
| c. | Rio must appoint an alternate director to step in for her. This appointment does not require the consent of the other directors. | |
| d. | Rio must resign from the company, the Corporations Act does not allow for the appointment of alternate directors. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Introduction To Health Care Management
Authors: Sharon B. Buchbinder, Nancy H. Shanks
3rd Edition
128408101X, 9781284081015
