The legitimate use of company funds to promote the re-election of directors

This paper examines the issue of company financing of election campaigns of persons who are candidates in elections to the boards of companies. It critically examines the New South Wales Court of Appeal decision of the 1986 case of Advance Bank v FAI together with previous English and Australian cases, some of which conflict with the principle set out in Advance Bank v FAI. It endeavours to distil the principles which may allow for companies so financing such campaigns and the parameters which would need to be followed for legitime use of corporate funds for those purposes.