Map directors' general duties under the Companies Act 2006 for a board decision
Key facts
- Human involvement
- RedLawyer-led
- How AI is used
- Extract the facts from the board papers into a table against each general duty in ss 171 to 177, and list interests declared or not yet declared.
- What the lawyer must review
- Apply each duty yourself: s 171 (act within powers), s 172 (promote the success of the company), s 173 (independent judgment), s 174 (reasonable care, skill and diligence), s 175 (avoid conflicts), s 176 (benefits from third parties) and s 177 (declare an interest in a proposed transaction). Do not import the Australian Corporations Act tests.
Rules that apply
The document starts from the task name. Change it if this piece of work is different.
Who does what
| Role | What they do |
|---|---|
| Assistance | Supporting preparation only. Potential support includes extracting and organising information. Confirm the tool’s capability and permitted scope. Substantive advice, judgement and any restricted content remain with the responsible human. |
| Lawyer | Perform the substantive analysis and decisions. Independently check any permitted supporting work and approve the exact output for its intended use. |
Checklist
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.
Forms and precedents for this task
| Form or precedent | Kind | AI use | Summary |
|---|---|---|---|
| Deed of access, insurance and indemnity for a director or officer (Corporations Act ss 198F and 199A to 199C) | Deed | AI use Yellow | Deed between a company and a director or officer: indemnity within the limits of s 199A, D&O insurance within s 199B, access to board papers for 7 years after ceasing office, advance of legal costs with repayment, claims conduct and confidentiality. |
Signed-in accounts can read the full text of each one. All precedents.