Plase use Australian lesgislation to answer this, thank you. Peter is a director of Quagmire Pty Ltd. Quagmire Pty Ltd is a joint venture company between Pewterschmidt Ltd and Lois Pty Ltd. Peter is a nominee director, nominated on to the board by Pewterschmidt Ltd. The managing director tells Peter that he “must vote on the board to restrict the development of Quagmire Pty Ltd’s markets in Asia”. Peter worries about this, as expansion into Asia is the best strategy for Quagmire Pty Ltd’s profits. He asks you whether he is just a “rubber stamp and custodian for Pewterschmidt Ltd’s interests”. Advise Peter on his directors’ duties.

Plase use Australian lesgislation to answer this, thank you. Peter is a director of Quagmire Pty Ltd. Quagmire Pty Ltd is a joint venture company between Pewterschmidt Ltd and Lois Pty Ltd. Peter is a nominee director, nominated on to the board by Pewterschmidt Ltd. The managing director tells Peter that he “must vote on the board to restrict the development of Quagmire Pty Ltd’s markets in Asia”. Peter worries about this, as expansion into Asia is the best strategy for Quagmire Pty Ltd’s profits. He asks you whether he is just a “rubber stamp and custodian for Pewterschmidt Ltd’s interests”. Advise Peter on his directors’ duties.