Dr Harith Kushan is the CEO of Health Plus Pty Lid (Health Plus), a major supplier of medical equipment in answered Marked out of 10.00 P Flag question Victoria. Harith also has a broad range of personal investments in a number of companies These investments are managed by his superannuation trustee (his wife) and he has no direct control over the trust. Lately, his wife has been investing the trust funds into a number of medical supply companies including Medical Innovate Ltd (Medical Innovate), in which she has built up a 10% stake. She has not told Harith about her investment strategy but Blake is fully aware that his wife has invested in Medical Innovate In early August, Health Plus considers a tendering process for one of its major supply contracts. Medical Innovate lodges a tender bid and Harith is on the tender committee. As a result of Harth's recommendation, Medical Innovate wins the tender contract. In October, Harith takes over control of his superannuation trust and builds up a further stake in Medical Innovate so that his trust controls 19% of the company Harith then pressures the company to appoint his wife onto the board of directors. Advise Harith of his obligations under the Corporations Act arising from his dealings with Medical Imovate. Were his actions in August and October in breach of the statutory duty to avoid conflicts of interest?Explain

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Based on the provided scenario Harith Kushan the CEO of Health Plus Pty Ltd is involved in several questionable actions that may be in breach of his o... View the full answer