Theodore is a director of Big Bike Pty Ltd. Theodore has a material personal interest in a large contract which Big Bike Ltd is planning to enter. In order to satisfy his obligations under section 191 of the Corporations Act, Theodore needs to disclose the nature and extent of his interest in the contract to Big Bike Pty Ltd's shareholders.

Question

Quizplus · Accepted Answer

Under section 191 of the Corporations Act, Theodore needs to disclose the nature and extent of his interest to the board of directors, not necessarily to the shareholders.

Theodore Is a Director of Big Bike Pty Ltd