Fund of the Board & Directors' Duties (LAWS6319)

UNIT OF STUDY

This unit explores the role of the board of directors in modern corporate governance and directors’ duties. It provides an introduction to fundamental aspects of boards in Australia (including board size, composition, structure and board diversity in listed companies) and the relationship between management and the board. The unit also focuses on core principles of directors’ duties in Australia. It examines foundational case law and statutory material in relation to the operation and enforcement of directors’ duties, including: the duty of care; the duty to act good faith in the best interests of the company and for a proper purpose; the duty to avoid conflicts of interest; and directors’ obligations in relation to insolvent trading.
This unit provides practical guidance on how directors can fulfill their legal obligations, and will include case studies to understand a range of critical issues for boards today. The unit is particularly relevant for non-executive directors looking to supplement their corporate law experience.

Further unit of study information

Classes

Lectures: Mar 19, 20 & 26, 27 (9-5)

Assessment

class quiz (20%), take-home exam (80%)

Faculty/department permission required?

No

Unit of study rules

Prohibitions

LAWS2003, CLAW6002, CLAW2201, LAWS6810, LAWS2014, LAWS5014, CLAW2001

Study this unit outside a degree

Non-award/non-degree study

If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.

Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.