Sleaze Pty Ltd is incorporated in the Cook Islands where it conducts a wide range of illegal
Question:
Sleaze Pty Ltd is incorporated in the Cook Islands where it conducts a wide range of illegal activities. The shareholders in Sleaze Pty Ltd are Fred and his wife Lexi, who are both Australian residents. Fred is CEO of the company. The constitution of Sleaze Pty Ltd requires that board meetings be held in the Cook Islands. In fact, board meetings are only held once a year when Fred and Lexi holiday in the Cook Islands. Throughout the year, employees of Sleaze Pty Ltd
comply with directions given by Fred. Board meetings routinely ratify all decisions and directions that Fred has made or given throughout the year.
Discuss where the central management and control of Sleaze Pty Ltd is located.
Management Accounting
ISBN: 9780730369387
4th Edition
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey