Ask Question, Ask an Expert


Ask Accounting Basics Expert

Barry Badler is the CEO of HealthCo Pty Ltd, a major supplier of medical equipment in Queensland. Barry also has a broad range of personal investments in a number of companies. These investments are managed by his superannuation trustee (his wife) and he has no direct control over the trust. Lately, his wife has been investing the trust funds into a number of medical supply companies including MediCall Ltd, in which she has built up a 10 per cent stake. She has not told Barry about her investment strategy.

In early August, HealthCo considers a tendering process for one of its major supply contracts. MediCall lodges a tender bid and Barry is on the tender committee. As a result of Barry's recommendation, MediCall wins the tender contract.

In October, Barry takes over control of his superannuation trust and builds up a further stake in MediCall so that his trust controls 19 per cent of the company. Barry then pressures the company to appoint his wife to the board of directors.

Considering only the October events leading to Barry's wife's directorial appointment, discuss whether this is a breach of Barry's directors' duties and focus on Barry's disclosure obligations. Assuming that disclosure is an appropriate strategy, draft the appropriate disclosure minute for Barry.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M939218
  • Price:- $15

Guranteed 24 Hours Delivery, In Price:- $15

Have any Question? 

Related Questions in Accounting Basics

Part a1000 word short essay about the nature of impairment

Part A: 1000 word short essay about the nature of "Impairment loss" and required disclosures including referencing.

Accounting provide referencesresearch the company via the

Accounting Provide References Research the company via the website and download the Income Statement, Statement of Shareholders' Equity, Balance Sheet, and Statement of Cash Flows. Develop a 700-word examination of the f ...

The rules and requirements for reporting and disclosing

The rules and requirements for reporting and disclosing segments and non-controlling interests within a 10-K report. Executive Summary Projects Advanced Accounting Project 1: Analysis of a 10-K 1. Explore the concepts of ...

The processes of selecting an aiserp to make informed

The processes of selecting an AIS/ERP to make informed decision for investment in an accounting software Group Assignment Scenario B Bakery is a family owned firm with around 70 employees and sales revenue increased to m ...

Tim and jill taylor are retiring this year tim has worked

Tim and Jill Taylor are retiring this year! Tim has worked for a utility company since his co-op job in college and has participated in all of the company's retirement savings plans. Jill has worked since their kids were ...

What characteristics must the convertible bonds display in

What characteristics must the convertible bonds display in order to justify the accounting treatment followed on initial recognition?

1 tonys pizza has total sales of 786611 and costs of 524268

1. Tony's Pizza has total sales of $786,611 and costs of $524,268. Depreciation is $38,470 and the tax rate is 31 percent. The firm does not have any interest expense. What is the operating cash flow? 2. A company purcha ...

Practice questionsdescribe the main sources you would use

Practice questions: Describe the main sources you would use to obtain financial information about a public limited company.

Valuation of accounts receivablesbulldiscuss the primary

Valuation of Accounts Receivables • Discuss the primary advantages and disadvantages of applying the direct write-off and the allowance method of writing off accounts. Even though the direct write-off method is not accep ...

Assignment 1- q1 abc co has an account payable of 7700 due

ASSIGNMENT 1- Q1. ABC, Co. has an account payable of $7,700 due XYZ, Inc. , one of its suppliers.  The amount was due to be paid on October 15, 2013.  ABC, Co. only had enough cash on hand then to pay $1,700 of the amoun ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate