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The director is required to make an independent judgment. He must exercise his powers honestly and for their proper purpose. He must not permit company entering into transaction involving his personal interest. He must act fairly between company's members. He must not use any property, information of company for his benefit...
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He must act fairly between company's members. He must not use any property, information of company for his benefit.
He must exercise the skill, care and diligence.
The M&A market are red hot now. Investment banks acts as a consultant in this process. Standard Charted was consulting Mittals during Arcelor takeover...
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