CLAW3206 Lecture Notes - Lecture 8: Teck Resources, Aluminium-Conductor Steel-Reinforced Cable, Nsw Law Reports

• School: University of Sydney
• Department: Business Law
• Course: CLAW3206
• Professor: Ross Hodgson

Document Summary

Directors(cid:859) duties a(cid:374)d defe(cid:374)sive tactics: the fundamental obligations of directors require that they act, with care and diligence; Indeed, such a respo(cid:374)se (cid:449)ould (cid:272)o(cid:374)stitute a (cid:271)rea(cid:272)h of dire(cid:272)tors(cid:859) duties a(cid:374)d (cid:272)ould redu(cid:272)e the (cid:448)ia(cid:271)ility a(cid:374)d (cid:448)alue of the target. Claw3206 regulation of mergers and acquisitions week 8. Constitution may benefit the directors or impose restrictions on the rights of shareholders, the level of disclosure required increases. If the notice fails to reach the required standard, then it is open for a member to challenge the validity of any resolution passed. Asx listing rule 6. 1 the terms that apply to each class of securities must, in the opinion of the asx, be appropriate and equitable. Some classes of shares can confer enhanced voting rights. Some classes of shares can confer limited voting rights: this will have the effect of making it more difficult for an outsider to acquire sufficient shares to achieve control, tactical share allotments.