LAWS2014 Lecture Notes - Lecture 6: The Automatic, Natural Justice, Aluminium-Conductor Steel-Reinforced Cable
Document Summary
Corporate governance describes the systems by which a company is governed, including elements of: Good corporate governance describes a system whereby management act in the best interests of all stakeholders. Annual report must disclose the extent to which they complied with asx. Code of conduct for directors: lr4. 10. 3; recommendation 3. 1. Common law definition of director: someone who is appointed or acting in position of director including de facto directors. Appointed to the position of director, or alternative director and acting in their capacity as alternative director; Unless a contrary intention appears, a person not validly appointed who acts in the position of the director is considered a director: this covers de facto" directors (dct v austin). Director must be over 18 years old - s201b(1) Public - at least two directors must reside (live) in australia - s201a(2) Private at least one director must reside in australia - s201a(1)
