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

Question 1

Which section of the Corporations Act 2001 (Cth) outlines the primary statutory duty of care and diligence for directors and other officers?

Section 180 Section 181 Section 182 Section 184

Correct Answer:

Section 180

Question 2

Under Section 180(2) of the Corporations Act 2001 (Cth), the Business Judgment Rule serves as a defense for which of the following statutory duties?

Duty of good faith Duty of care and diligence Duty to prevent insolvent trading Duty not to misuse information

Correct Answer:

Duty of care and diligence

Question 3

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

Question 4

Which of the following activities is a direct breach of the duty not to misuse position under Section 182 of the Corporations Act 2001 (Cth)?

Voting to approve an executive remuneration package that aligns with market benchmarks Delegating day-to-day management responsibilities to the Chief Executive Officer Formulating a long-term strategic plan that fails to meet financial forecasts Using your title as a director to secure a contract for a separate business in which you hold a significant shareholding without disclosure

Correct Answer:

Using your title as a director to secure a contract for a separate business in which you hold a significant shareholding without disclosure

Question 5

The statutory duty prohibiting the improper use of information under Section 183 of the Corporations Act 2001 (Cth) applies to which of the following groups?

Current directors, former directors, officers, and employees Only current board directors Only current executive directors and the CEO Only directors and the company secretary

Correct Answer:

Current directors, former directors, officers, and employees

Question 1

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About this Exam

Prepare with the AICD CDC GAICD Practice Questions - AICD Company Directors Course Exam (GAICD) Exam practice quiz. This question bank includes 100 questions covering section, corporations, director, governance, and company. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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

This practice set contains 100 questions from the matching question bank and focuses on section, corporations, director, governance, and company. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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

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