AICD CDC GAICD Practice Questions - AICD Company Directors Course Exam (GAICD) Exam

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Section 181 of the Corporations Act 2001 (Cth) requires directors to exercise their powers and discharge their duties in good faith in the best interests of the corporation and for what other purpose?

To maximize shareholder short-term profits For any purpose approved by management For a proper purpose To prioritize creditor repayment above all else

Correct Answer:

For a proper purpose

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