Question: Your client is Cypress Clynt. Your client is an expert on art history and has worked as a gallery director at art museums around the

Your client is Cypress Clynt. Your client is an expert on art history and has worked as a gallery director at art museums around the world. He has no training in business. Your client is asked by a private art gallery, the Mezza Metropolitan Museum Pty Ltd, to join its board as a director. Although the Museum has a of permanent collection of contemporary Australian art, it makes profits from running themed exhibitions, borrowing works from other galleries in Australia and around the world. The Museum is interested in tion Cypress because of his extensive contacts in the art world. Cypress is aware that the art business is inherently risky; art lovers' tastes can vary widely. However, Cypress is interested in the position because he believes he could earn some "nice commissions" on the side by entering into loan agreements with his business contacts. In a report to Cypress, define corporate governance. Identify how -- . the duty of directors to act with reasonable care under s 180 of the Corporations Act 2001 (Cth); . the right of minority shareholders to wind up a company; and . any one market mechanism
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