Subject: Companies asn securities Law

ISAFPL is proud of its longstanding connection with the Naracoorte region of South Australia, where it is a significant employer. The local hospital is raising money to build a new aged care facility for the community. David would like SAFPL to make a significant donation to fund the new facility, which he hopes will be called the Timothy and Angela Henry Home. Peter ODonnell has queried whether this is an appropriate use of corporate funds, particularly given the substantial investment SAFPL will be making this financial year in developing the organic vineyard at Riverina. Having regard to their duty to act in the best interests of SAFPL, can the directors approve the donation?Answer the question in IRAC format