DUTIES OF DIRECTORS Directors of a company normally have exclusive power to manage the company’s business and exercise its powers. At common law‚ the duties were owed to the company‚ to employees‚ to individual shareholders and creditors. 1.0 Duties of Directors to the company It is convenient to categorise the duties of directors into fiduciary duties which arise because they are quasi-trustees of the assets of the company. The word ‘fiduciary’ refers to trust and confidence. ‘A fiduciary is
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being at your Appointed Place of Duty It is always important to be where you are supposed to be. In the Army‚ every leader stresses the fact on being on time or being at the right place or being in the right uniform. So if you have to ask yourself is it important to be where you are told to be? I think most Soldiers and Leaders will tell you that it is very important. It is my responsibility to be where I am supposed to be. It is all about accountability. You have to keep track of your Soldiers.
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In tort law‚ a duty of care is a legal obligation which is imposed on an individual requiring adherence to a standard of reasonable care while performing any acts that could foreseeably harm others. It is the first element that must be established to proceed with an action in negligence. The claimant must be able to show a duty of care imposed by law which the defendant has breached. In turn‚ breaching a duty may subject an individual to liability. The duty of care may be imposed by operation of
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the partnership should buy the property”‚ without knowing that Sue had already made the purchase shows his intent to add the property to the partnership. As partners Sue and Tom are in a fiduciary relationship with one another. As such they owe certain duties of loyalty. At the beginning of the deal to purchase the property Sue did not break this loyalty‚ but as the transaction went along‚ I believe Sue can be accused of usurping a partnership opportunity. The property was offered to the partnership
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Directors’ duties in Australia are designed to promote good governance and ensure that directors act in the interests of the company – including putting the company’s interests ahead of their own (A Guide to Directors’ Duties and Responsibilities‚ 2008). In the case of OHS Solutions Pty. Ltd. in order to give advice it must first be known what are the duties and responsibilities of a director and officer. There are three sources of law in which directors’ duties are enforced: the common-law (judge
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Duty of care and mandatory reporting are two areas in child protection and juvenile justice that must be considered when working with young people as they could be your legal obligation. What is duty of care? Who do you owe duty of care too? What is mandatory reporting? When should you report a situation? Duty of care is giving reasonable care to individuals you work with‚ co-workers‚ and the general public to protect them from risks of harm that could happen. The measure of reasonable care depends
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College Writing 1 3 December 2‚ 2012 Opening Paragraph One of the most anticipated video games of the year‚ Call of Duty Black Ops II came out with a wave of anticipation and controversy. Questions and mystery surrounded the game as the previous ones failed to live up to lofty expectations. Treyarch‚ the designer of the first Call of Duty Black Ops was already at odds for mediocre product they had previously produced. There will always be players who love the game and those who hate it:
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The Custom Duty in India is one of the most important tariffs. The custom duty in India is regulated by the Customs Act of 1962. The main purpose of the custom duty in India is the prevention of the illegal export and import of goods. The rates of the custom duty levied on the imported and exported goods are assigned in the Custom Act‚ 1962. The Acts under the custom duty in India: * Foreign Trade (Exemption from application of Rules in certain cases) Order‚ 1993 * Customs Act‚ 1962
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The duty of care and the search for certainty: Sullivan v Moody‚ Cooper v Hobart‚ and problems in the South Pacific. Andrew Barker In this article‚ Andrew Barker‚ from the Faculty of Law at the University of Otago‚ considers two recent decisions on the duty of care in negligence: Sullivan v Moody‚ from the High Court of Australia‚ and Cooper v Hobart‚ from the Supreme Court of Canada. In these decisions‚ the two courts have re-evaluated their approach to the duty of care in negligence‚ and suggested
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submitted work is my own work and that I have clearly identified and fully acknowledged all material that is entitled to be attributed to others (whether published or unpublished) using the referencing system set out in the programme handbook. I agree that the University may submit my work to mean of checking this‚ such as the plagiarism detection service Turnitin@UK. I confirm that I understand that assessed work that has been shown to have been plagiarised will be penalised.
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