QUESTION 1 Question 1 is worth 15 marks When directors exercise their decision-making power in companies, they must do so in accordance with their

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QUESTION 1 Question 1 is worth 15 marks When directors exercise their decision-making power in companies, they must do so in accordance with their statutory and general law duties. However shareholders, even majorityshareholders, do not owe equivalent duties to the company. Is a majority shareholder allowed to vote however it wishes at a general meeting, without worrying about the effect of the decision on the minority shareholders or on the company as awhole? If not, why not? Explain with reference to: (a) general law (7.5 marks)and (b) relevant provisions of the Corporations Act 2001 (Cth). (7 .5 marks)