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MLM 731 CORPORATIONS LAW ASSIGNMENT ISSUES: The legal issues raised by this problem are: 1. Whether Kath has breached the duty under both the general law or the Corporations Act 2001(Cth) 2. Whether Sharon and Brett have breach their duties under the Corporations Act 2001 (Cth) 1. Whether Kath has breached the duty under both the general law and the Corporations Act 2001(Cth) (1) The duty of act in bona fide (good faith) in the interests of the company (Kath) RULES (legal principle): in the general law and the Corporations Act 2001(Cth) Kath is the managing director in HorseCare Pty Ltd. The directors of a company are required by both common law and by statute to act bona fide and in the best interests of the company.1 That means director must exercise their powers and discharge their duties in good faith in the best interests of the corporations: s 181(1) CA. APPLICATION (Applying the law to the facts...

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