Good S76 CO.ACT linkage

Question 1

s76 + application and wording

Answer 1

The CEO and COO are not acting in the best interest of the company as is
required and may thus be in breach of Section 76, as they could be seen to
not be acting honestly and with the degree of care, skill and diligence, having
failed to properly test the new game before launching it

Question 2

Key word best interest

Answer 2

The CEO and COO are not acting in the best interest of the company as is
required and may thus also be in breach of Section 22, if it can be proven
that they acted with gross negligence in launching a product that could have
major security issues or resulting in a loss of personal information for the
Metaverse customers

Question 3

S76 automatic link with S77

Answer 3

As a result, the CEO and COO can be held personally liable for losses
suffered by XS Gaming Limited in terms of Section 77, for not having acted
in the best interests of the company