How might he exploit the corporations resources

Reference no: EM133579162

Question: Under The Corporations (Aboriginal and Torres Strait Islander) Act 2006 (Cth) (the CATSI Act). A medium-sized unlisted Aboriginal and Torres Strait Islander corporation (a type of public company) named ABCD Corp has been very successful. Billionaire Bob a corporate raider who claims Aboriginal heritage wants to take over ABCD Corp. For each of the following issues finish the ILAC anser

A)- Can Bob gain control of ABCD Corp without acquiring shares?

B)- If Bob does gain control how might he exploit the corporation's resources for his own financial interests? Could this involve a breach of directors' or officers' duties, and what remedies might be available to members?

C) How can the current board other community members prevent Bob from gaining control of ABCD Corp?

Reference no: EM133579162

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