1.Should SAOM adopt a constitution, or rely on the replaceable rules as its internal governance rules? Give reasons for your answer.

2.Nick Henry has a real passion for the organic lamb project and would like SAOM to adopt a constitution that includes a provision guaranteeing his position as head of development at SAOM. Having regard to s 140 of the Corporations Act and the relevant case law, would Nick be able to enforce such as provision against SAOM?

3.Nick is keen to get moving on the organic project so he contacts a friend and arranges for SAOM, once it is formed, to buy some rams. Will the contract made by Nick be binding on SAOM after the company is incorporated?

4.What is 'corporate governance'? Why is 'good' corporate governance important to a company like AMGL? Like SAFPL?

Jason Jones owns 10 ordinary shares and five A class shares in SAFPL. He has heard about the proposed formation of SAOM and acquisition of the new farm, and thinks a move into organic meat production would be a mistake. What steps, if any, can he take to prevent SAFPL going ahead with the deal?

5.Canny Ltd is a shareholder in AMGL. It would like the shareholders to pass a resolution instructing the board of AMGL to sign up to the United Nations Principles of Responsible Investment. Can the shareholders do so?