Describe the procedure under the corporations act


Problem

Christine, Sharni and Mandy are the directors of Layabout Ltd, a company that manufactures camping equipment. Sales are falling and the directors are worried about the future prospects of the company. At a directors' meeting, it is resolved that a marketing campaign to promote the company's products will be created.

Part of the campaign will involve television advertising and Christine wants the company to employ her husband Sunil to appear in television commercials as he has experience modelling and has taken acting lessons. It is expected that Sunil will be paid $100,000 by Layabout Ltd to be the 'face' of the company in the television commercials.

Using your knowledge from studying director's duties, describe the procedure under the Corporations Act that the company AND Christine must follow in order to employ Sunil for the advertising campaign

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Business Law and Ethics: Describe the procedure under the corporations act
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