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Under Company Act 2006's 174 And Investments Commission V Rich Case

295 Words2 Pages
Without a law people will not follow the rules and regulations of a corporation because

every stakeholder will try to work for their own interest and benefits. For this law should

be enforced sentences to govern the organization. so Corporate governance is not only

principles and practices but also government has been taken these into the courts,

constitution as well. Under Company Act 2006 s 174 and Australian Securities and

Investments Commission v Rich case Australian law has defined the duties of directors

to ensure good corporate governance in more professional way. Board of directors are

responsible to have independent auditors and valid accounting standards. Not only that

but also directors are responsible to act in
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