Harambe is a director of Gorilla Ltd and is the chair of the board. Gorilla Ltd does not have a constitution and relies on the replaceable rules in the Corporations Act. Which of the following is correct:?
A) If Harambe wants to call a directors' meeting, he must obtain the consent of all the other directors before doing so;
B) If Harambe is a major shareholder of Gorilla Ltd, he cannot be a director as that would be a conflict of interest;
C) Directors' resolutions of Gorilla Ltd require the support of at least 50% of the vote;
D) Gorilla Ltd's board of directors could pass a circulating resolution if it is supported and signed by 50% of the directors;
E) Harambe has a casting vote on resolutions in the event that the vote of the directors is tied;
F) Both (c) and (e) are correct.
Correct Answer:
Verified
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