Question
Sam, Ron and Maggi are directors of Mingtec Pty Ltd. At a recent board meeting, the directors consider a business expansion plan. Sam is the
Sam, Ron and Maggi are directors of Mingtec Pty Ltd. At a recent board meeting, the directors consider a business expansion plan. Sam is the managing director of the company and proposes the expansion go overseas based on some internet search he did by himself. Ron rarely comes to meetings and read reports. He mainly relies on Sam to run the business. Maggi is not happy with the proposal and seeks advice from a business analyst. Based on the advice given to her, she votes against the plan while Sam and Ron votes in favour. The expansion plan was not successful.
Advise Sam, Ron and Maggi whether they have breached the director's duties under Corporations Act 2001 (Cth)
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