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commercial law -organsations

Essay specific features

 

Issue:

Business

 

Written by:

Mindy M

 

Date added:

December 30, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

10 / 2582

 

Was viewed:

1399 times

 

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Essay content:

It could be said that the directors of the company are fiduciaries and they must use their power of "trust and confidence" in good faith for the best interests of the company. " For example in relation to company assets a director as a trustee, is taken to be a steward of the company so that they must act without any additional purpose, such as self interest which would effect the main and overriding interest of the company" ...
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It is almost essential that directors act in the best interest of the company and remember their fiduciary position and duties owed to the company and not to themselves which is what happened in the case Aberdeen Railway Co v Balkie Bros 1854 this is where the director made himself a secret profit out of his fiduciary position it was a conflict of interest and he acted for his own benefit in which he did not receive consent of his principal...
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