You are required to write a research essay addressing all of following points:
• Who are directors of company? What are their duties of directors under Australia Corporation Law?
• Give a short history of the evolution of director's duties and responsibilities. Please enumerate their duties and responsibilities today. Are their duties the same in proprietary companies and public companies?
• Explain the consequences should directors contravene the law and the remedies available.
• What do you see in the future direction of director's duties in Australia?
• Please cite relevant case law and the statutes in your answer and provide proper references.