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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

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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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
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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