Title page, executive summary, table of contents, appropriate headings and sub- headings, recommendations, reference list (Harvard – Anglia style). And 6 suitable, reliable, current and academically acceptable sources, including relevant case law. Real, referenced examples should be included where possible to support the discussion. Students are to research analyse and synthesise current issues facing companies, directors and boards in Australia, in accordance with those concepts and principles taught in the subject. Specific research supported solutions / recommendations / conclusions need to be providedAnthony , Ben Catherine and Daniel are directors of Chaser Ltd, a company whose business is wine bottling. Given the downturn in the economy and entry of new countries into the " new world" wine market, competitions especially in Asia is becoming increasuingly stiff. The directors of Chaser Ltd feel that it would be prudent to diversify and invest in other business opportunities. During the easter vacations , Anthony caught up with his old friend from University, Wayne, who works for green energy company in Norway that predominantly specialize in tidal energy. Tidal energy is a very new form of energy that is picking up momentum in Europe and the Atlantic cost of the USA. The power created through tidal generation is generally more environmentally friendly and causes less impact on established ecosystems. Although not yet widely used, tidal power has a potential for future electricity generation. None of the energy companies in Australia currently use this form of energy. At the next board meeting Anthony mentions tidal energy as a possible business venture for Chaser Ltd. Anthony invites Wayne who has just formed a company, west pool Pty, Ltd, that makes tidal steam generators, to come and speak to all the directors of Chaser Ltd, at their next meeting about tidal energy for thirty minutes. Wayne is a very convincing speaker who showed them great 3D underwater pictures of the tidal steam generators his company makes. After Wayne leaves , the directors are all excited at the prospect of being pioneer in the field of tidal energy in Australia and believe that this will be a profitable business. Without much further discussion they decided to invest $ 20 million into this venture and to give the sole contract to supply tidal steam generators to westpool Pty, Ltd. Three months later Chaser Ltd's tidal energy business is a disaster. They discovered that the Australian waters is not suitable for tidal energy. While may be suitable in Europe and the USA. Australia water is not a suitable site for tidal energy, mainly because of the great Barrier Reef. The directors later discovered that although Wayne had very convincing in his speech to them he really was not an expert in tidal energy and actually held an insignificant position in his company in Norway. Much to the directors surprise, they discovered that Anthony is a major shareholder of Westpool Pty, Ltd. Advice the director of Chaser Ltd, Wether they have breached their director duties under both the Corporation Act 2001(Cth) and general law.