Use ILAC format to answer the questions.

Question: what is Director's duties (20 marks): (chapter 13 of Understanding Company Law)

Key duties S180, S181, S182, S183, S184 and S588G of the Corporations Act

You will be asked to advise ASIC have there been breaches of the Corporations Act in the above circumstances. You must look at that for each of the five directors (2 executive directors and three non-executive directors). The company is in financial difficulty that is related in terms how the directors should be responding to that, and whether the major response to represent the breach or not. Some directors involve in an activity that is deceptive and it is not utilized the assets to the company for their best value. Nominate Type of breach. Discuss the provision that has been breached by each director.