A few years ago, a well-known Australian comedian, business-man and board member
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A few years ago, a well-known Australian comedian, business-man and board member

PART A

SHORT ANSWER QUESTIONS

Question 1

A few years ago, a well-known Australian comedian, business-man and board member (Steve Vizard) was found guilty of what is commonly referred to as “insider trading”. What is meant by “insider trading”, why is it not acceptable?

Question 2

Briefly describe the duties and responsibilities of company directors citing relevant sections of the Corporations Act 2001 (Cth).

Hint
Business Insider trading is an illegal practice where one trades on the stock exchange to their own advantage. This occurs when the trader has access to confidential insider information. It is trading of the stock and other securities of a public company based on information about the company which is nonpublic at the moment. ...
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