Question: According to CA s 190(2), directors will not be held liable for harm caused to the company by a delegate if the directors hired the

According to CA s 190(2), directors will not be held liable for harm caused to the company by a delegate if the directors hired the delegated person in good faith, plus made proper inquiries and so forth. Why then were the directors in tAccording to CA s 190(2), directors will not be held liable for harm caused to the company by a delegate if the directors hired the delegated person in good faith, plus made proper inquiries and so forth. Why then were the directors in the cases of ASIC v Healey and Daniels v AWA Ltd found guilty of breaching CA s 190(1) despite doing everything demanded by s 190(2)?he cases of ASIC v Healey and Daniels v AWA Ltd found guilty of breaching CA s 190(1) despite doing everything demanded by s 190(2)?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

According to CA s 190(2), directors will not be held liable for harm caused to the company by a delegate if the directors hired the delegated person in good faith, plus made proper inquiries and so...

Q:

1.According to CA s 190(2), directors will not be held liable for harm caused to the company by a delegate if the directors hired the delegated person in good faith, plus made proper inquiries and so...

Q:

1.Mrs and Mr Foster are the only shareholders and directors in XYZ Pty Ltd. Throughout the past financial year, both Mr and Mrs Foster noticed a steady decline in sales for the companys two...

Q:

According to CA s 190(2), directors will not be held liable for harm caused to the company by a delegate if the directors hired the delegated person in good faith, plus made proper inquiries and so...

Q:

According to CA s 190(2), directors will not be held liable for harm caused to the company by a delegate if the directors hired the delegated person in good faith, plus made proper inquiries and so...

Q:

According to CA s 190(2), directors will not be held liable for harm caused to the company by a delegate if the directors hired the delegated person in good faith, plus made proper inquiries and so...

Q:

According to CA s 190(2), directors will not be held liable for harm caused to the company by a delegate if the directors hired the delegated person in good faith, plus made proper inquiries and so...

Q:

1.* A partner in a firm which gives negligent advice may personally liable for the adverse consequences 2. * A director in a limited company will usually be held personally liable for the...

Q:

Part A Sam, Adrian and Michael call to make an appointment with your firm, Fees Ruthless, Accountants.You have been asked to establish their new company (No-Tax Agents Pty Ltd).You advise them not to...

Q:

LAW2485 GROUP ASSIGNMENT - SEMESTER 2 2017 GENERAL INSTRUCTIONS: 1. Due date is by 5pm of Saigon time on 18 August 2017. Please note that an assignment submitted later than the deadline will receive...

Q:

Is it practical to elicit channel member input into the manufacturers product planning and development process? What problems might this create?

Q:

Jenna and Fred are married with two children, ages 4 and 2. Jenna and Fred both work full time, so they pay a day-care $12,000 in 2019 to take care of their children. Jennas wages are $87,000, and...

Q:

Property taxes70% of building is used for manufacturing b. Wages and benefits paid to assembly-line workers in the manufacturing plant c. Depreciation on automated production equipment d. Salaries...

Q:

Scenario: A Multi-national Corporation called The Globe has created a subsidiary called Thirst in an under-developed country called non-potable waters. This hosting country suffers from a severe...

Q:

1-8 Rabatt operates deep-discount stores offering housewares, cleaning supplies, clothing, health and beauty aids, and packaged food throughout Germany, with most items selling for 1 euro. Its...

Q:

1-7 Warbenton Snack Foods is a manufacturer of potato crisps and savoury snacks in the U.K. Warbentons financial department uses spreadsheets and manual processes for much of its data gathering and...

Q:

1-3 What academic disciplines are used to study information systems and how does each contribute to an understanding of information systems? List and describe each discipline that contributes to a...