Corporations Law: Optimum Insurance
Corporations Law Assignment
i. Advise the shareholders of OI Ltd whether the directors have breached any duties. Discuss fully.
Optimum Insurance Ltd (OI Ltd) is registered as a public company and is operated by a board of 5 directors. The board includes 4 executive directors, one of whom is the managing director - Frances and another non-executive director, Greg who is also the company's financial planning consultant. A number of issues have arisen whereby the actions or failure to act by the directors have seen a breach of their duties owed to each other and the shareholders. In ascertai…
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