Under Company Act 2006's 174 And Investments Commission V Rich Case
Without a law people will not follow the rules and regulations of a corporation because
every stakeholder will try to work for their own interest and benefits. For this law should
be enforced sentences to govern the organization. so Corporate governance is not only
principles and practices but also government has been taken these into the courts,
constitution as well. Under Company Act 2006 s 174 and Australian Securities and
Investments Commission v Rich case Australian law has defined the duties of directors
to ensure good corporate governance in more professional way. Board of directors are
responsible to have independent auditors and valid accounting standards. Not only that
but also directors are responsible to act in
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