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4. Director's Duties
Fiduciary duties
Director's duties
Duty of care, skill
and diligence
Duty to act bona
fide for the
benefit of the
Duty to exercise
powers for their
proper purpose
Duty to avoid
conflict of
interests
Common law
Statute law: s465
company
Parke v. Daily News Ltd:
The directors distribute
surplus assets to
employees who were
dismissed when the
company was sold.
Wong Kam San v Yeung
Wing Keung: the director
call an EGM to allot the
shares, which replace the
existing majority
shareholder
Aberdeen Railway Co v.
Blaikie Brothers, S536(1):
The directors shall delare
intersted transaction,
othervisw will be void.
Re City
Equitable Fire
Insurance Co
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Transcribed Image Text:4. Director's Duties Fiduciary duties Director's duties Duty of care, skill and diligence Duty to act bona fide for the benefit of the Duty to exercise powers for their proper purpose Duty to avoid conflict of interests Common law Statute law: s465 company Parke v. Daily News Ltd: The directors distribute surplus assets to employees who were dismissed when the company was sold. Wong Kam San v Yeung Wing Keung: the director call an EGM to allot the shares, which replace the existing majority shareholder Aberdeen Railway Co v. Blaikie Brothers, S536(1): The directors shall delare intersted transaction, othervisw will be void. Re City Equitable Fire Insurance Co
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