Discuss whether or not the board of FF has any reason to take legal action against Lew and if they are likely to be successful if they do.

AUSTRALIAN CORPORATIONS LAW

Discuss whether or not the board of FF has any reason to take legal action against Lew and if they are likely to be successful if they do. (20 marks).

Explain your views concerning the effectiveness of ASIC as a corporate regulator and enforcer of the Corporations Act 2001.