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Yang is a director of a public company and is concerned that he may have breached his fiduciary duty to avoid a conflict of interest.
Yang is a director of a public company and is concerned that he may have breached his fiduciary duty to avoid a conflict of interest. In order for Yang to avoid liability he should; Select one: a. Not say anything and hope none of the shareholders notice. b. Make full disclosure to the company at a general meeting and get approval from the members in the form of a resolution approving the transaction in issue. c. Make disclosure of the issue to his fellow directors. d. Alert ASIC to the issue, make full disclosure to ASIC and get a waiver from ASIC. e. There is nothing he can do. The rules relating to conflicts of interest are strict and Yang should never have placed himself in that position
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