Part C Question 1 1. Malcolm asks for legal advice. There are many issues that Malcolm needs to look at due to his conduct as a director of Comtech. Directors of public companies have many statutory and general law duties that they need to be aware of. With statute law, the duties of directors are very specific and they are required to act with reasonable care and diligence. They are required to act in good faith, in …
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…He needs to work out a fair price based on that there will be no more shares issued and work it out with Angela. If he can not get a fair price he could get the court to determine this as a remedy. Reference List Hanrahan, P., Ramsay, I. and Stapeledon, G. 2002, Commercial Applications of Company Law, 3rd edn, CCH Australia, Sydney. Fisher, R 2005, LAWS19032 Company and Association Law: Study Guide, Central Queensland University, Rockhampton.