Use the web site of the Australian Securities and Investments Commission (ASIC), the Corporations Act 2001 and (if necessary) other legal sources to answer the following question in 1,200 words or less.? The law discourages directors from being involved in situations of conflict between their personal interest and the interest to act for the benefit of the company. Your task is to explain the general law and statutory principles and application regarding conflicts of interest and the policy reasons the law discourages conflicts of interest.