units

LAW7277

Faculty of Law

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Monash University Handbook 2010 Postgraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

LevelPostgraduate
FacultyFaculty of Law
OfferedCity (Melbourne) Trimester 2 2010 (Day)
City (Melbourne) Trimester 3 2010 (Day)
Coordinator(s)Ms Lisa Robinson (T2-58, T3-58)

Synopsis

Internal governance:

  1. Company organs and division of power
  2. board of directors and the general meeting. Duties and liabilities of officers:
  3. Overview of directors' duties; duties of care, skill and diligence and the statutory duty to prevent insolvent trading
  4. Duty to act bona fide in the interests of the company as a whole

5.Duty to exercise powers for proper purposes and to retain discretions
6.Duty to avoid a conflict between personal interest and duty to the company: 7. Consequences of breach of duty and relief from liability
Members' Remedies: 8.Overview of shareholders' remedies; shareholders' derivative actions 9.Shareholders' personal actions 10.Winding up and oppression

Objectives

Students who successfully complete this course will have:

  1. knowledge and understanding of the internal governance of corporations, directors' duties and members' remedies;
  2. knowledge and understanding of legislation and policy in these areas of corporate law;
  3. an ability to think critically about the impact of these concepts, principles, legislation and policy on the social and economic context in which they operate;
  4. an ability to apply these concepts principles, legislation and policy to hypothetical fact situations; and
  5. the opportunity to conduct independent research in corporate law and for the results of that research to form a substantial proportion of the assessment for the subject.

Assessment

Assignment: 40%
Examination: 60%

Chief examiner(s)

Ms Lisa Robinson

Contact hours

2 hour seminar per week x 12 weeks

Prerequisites

LAW7212, LAW7265 (or LAW7428 and LAW7429), LAW7267, and LAW7269

Co-requisites

LAW7275