Buy custom Too much of British company law frustrates, inhibits, restricts and undermines. It is over-cautious, placing too high a premium on regulation and avoidance of risk. The company remains the choice of corporate vehicle for over a million businesses,...
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In the case of Re Smith & Fawcett Ltd. [1942] Lord Greene argued that directors are required to act "?bona fide in what they consider ? not what a court may consider ? is in the interest of the company?." It is for the directors to decide what is in the interest of the company. The court plays a little role into this area and for that reason it is hard to show a breach of duty by the directors...
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The court plays a little role into this area and for that reason it is hard to show a breach of duty by the directors.
A complex and inaccessible case law covers the general rules about directors' propriety of conduct and standards of skills and care. For that reason, in 1999 a survey was conducted to the members of the Institute of Directors which showed that many of them were not clear enough about what their general duties were or to whom they were owed ...
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Too much of British company law frustrates, inhibits, restricts and undermines. It is over-cautious, placing too high a premium on regulation and avoidance of risk. The company remains the choice of corporate vehicle for over a million businesses,...
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