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Category: Law

ntent: “Research a specified topic, reading and interpreting cases, journal articles and law
reform/policy reports, analysing the effect and operations of these laws and policies on
companies and their stakeholders, and using knowledge to report on corporate legal issues in
Report format.”
Objective(s): This task addresses the following subject learning objectives: 1 and 3
This task contributes specifically to the development of the following graduate attributes: 1.0,
3.0 and 5.0
Weight: 30%
Due: Assignment is divided into Part 1 and Part 2. (1) Draft of Part 1 of Report to be submitted
to your lecturer/tutor in your designated class in Week 7 (week beginning 6th March 2015) for
feedback purposes. Draft with feedback will be returned in Week 8 (to be collected from Law
Reception). If you do not submit you will not receive feedback. (2) Complete Report is due 6
pm Monday 27th April 2015 (first Monday after the Vice-Chancellor’s week) at Law
Length: 2,250 words
Task: Discuss the role and functions of directors in the governance of a company in the form of
a Report. This will require reading the following Cases, Journal Articles, Reports, the
Corporations Act 2001 in order to gain an understanding of the issue of corporate governance.
Your Report is to be drafted in two Parts. Part 1 can be submitted for feedback purposes to your
lecturer/tutor in your designated class. Part 1 will be incorporated into the final /completed
Do not consider any other statute unless as specified.
Note: Feedback for Part 1 should be used to rewrite/improve Part 1, inform how you write Part
2 and, both improved Part 1 and Part 2 must be combined into final Report for final submission

Research, read, and consider the role and functions of directors in the governance of a
company. You are asked to prepare a Report with summaries of some of the important
documents concerning this topic of corporate governance. Please consider the following as a
guide to the content of your Report (word length is given as an approximation and a guide, you
can vary from the suggested word length but remember to ensure your Report is on the whole
balanced and coherent:

I. Introduction (150 words) [note: you should write this last and should not be included in
Part 1 for submission as draft for feedback purposes.]
Part 1
II. The 1990s court’s view on Board structure, positions, functions and duties: Summarise
the judgment of the court in AWA Ltd v Daniels (1992) 7 ACSR 759 at pp 865-869 (500
words) especially in relation to the following:
1) What is/are the function(s) of the Board of Directors?
2) What are the roles of Management (distinct from Directors)?
3) What is/are the role/duties/function of a Managing Director/CEO?
4) What is/are the role/duties/function of the Chair of the Board of Directors?
Part 2
III. The 2000s court’s view on the role/duties/function of the Chair of the Board of Directors:
Summarise ASIC v Rich [2003] NSWSC 85 at paras [51]-[72] (250 words).

IV. The 2010s view on the role and functions of directors in the governance of a company:
Summarise CAMAC, Guidance for directors – Report April 2010, Ch 1 (500 words)
especially in relation to the following:
1) What are the responsibilities of directors?
2) What is best practice board structure?
3) What are the demands and expectations placed on directors?
4) What is the relationship of directors with management?
5) What do we understand by board effectiveness?
6) What in general are the legal duties and obligations demanded of directors
and what are the potential dangers of these legal duties obligations?
7) To whom are the directors accountable?

V. The allocation of responsibilities between the board of directors and senior
management in board charters by companies listed on the Australian Securities
Exchange (ASX): Summarise R Grayson Morison and I Ramsay,
“Responsibilities of the Board of Directors” (2014) 32 Company and Securities
Law Journal 69 (250 words).

VI. Reflections on Board structure, positions, functions and duties of directors in the
governance of a company, and the differences (if any) over time from the 1990s to 2010s
based on your research and reading and critical analyses (600 words).

The assignment requires independent thinking, evaluation and critical
analysis. You will be assessed on the originality of your discussion and analysis. Merely
paraphrasing or summarising existing authors on these issues will not lead to high marks.
To achieve good marks, students will need to show evidence of their analysis and evaluation of
the problem. You must not simply provide long regurgitation of judgments, facts or sections.
These do not show evidence of your own independent thinking at a post graduate level.
Learn what is plagiarism and avoid it!
Criteria: The task requires the detailed examination of a discrete area of law. This builds
research, information gathering and legal writing/reporting skills as well as critical analysis.