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5. Directors’ Duties

Concentrate Questions and Answers Company Law: Law Q. Revision and Study Guide Ord ed. Irnonen Moore
7. 5. Directors’ Duties a Imo,. Moore, Associate Professor in Law University of Bristol
https://cloi.or,10.10.33/he/5780199856726.003.0005 Published in print:06 Aug. 2020 Published online: September 2020
Abstract The Concentrate Questions and Ans.rs series Dikes the best preparation for tackling exam questions and c.r.ork. Each book includes typical questions, suueste0 answers with comm.tany, illustrative diagrams. guidance on howto develop your answer, suggestions for further reading, and advice on exams. co…, This chapter ex..es the very import. topic …ors’ duties. The chapter considers the main duties,..ified in the Companies Act 2006, including the duty to act within powers (the proper put.ses rule). the duty to promote the success of the company: the duty to exercise independent judgment; …tyro ezercise reasonable can, skill.. diligence: the duty to avoid conflicts of inn…. the duty to disclose. interest in a proposed transaction .h the company. Related areas such as substantial property ….ions and liability for breach are considered. This chapter considers who is edirector, examining the concepts. de facto and shadow directors. how realm owe duties to the comp.
Keywords: de facto director, shadow direetor. Prom purposes, conflict of interest, shareholder primacy, enlightened shareholder value, remedies, breach, liability, substantial property…h.
Are You Ready?
In order to attempt the questions M this chapter you will need to have covered the following topics: • Directors’ duties: purpose, origins, and codification • De recto and shadow directors • Duty to act within constitution and powers
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5. Direct., Duties
• Duty to promote the success the company; shareholder primacy and stalteholding • Duty to exercise independent judgment • Duty to exercise reasonable care, skill, and diligence • Duty to avoid conflicts of interest • Duty not to accept benefits from third parties