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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Belonging is a fundamental human desire Everyone needs to belong‚ as belonging is a critical component of an individual’s wellbeing‚ personality and self-esteem. Whilst there are people in society who believe they need to belong more than others‚ everyone nonetheless needs to feel that they belong. This idea was suggested by Abraham Maslow and defined his hierarchy of needs. This idea of belonging and its necessity to wellbeing‚ character and self-esteem is seen in the film ‘Romulus‚ My Father‚’
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Fiduciary Duties of Directors 1) Duty to act in good faith in the interests of the company In Re W & M Roith Ltd [1967] 1 All ER 427‚ the controlling director of a company had given many years services without having a service contract. He was then given a service agreement providing for payment of a pension to his widow if he died while still a director. He was already in poor health at this time and he died two months later. The pension was paid for several years and then the company went into
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Turner Introduction to duty of care in health‚ social care or children’s and young people settings 1. Understanding the implications of Duty of care. 1.1 * A duty of care means that all health and social care professionals and organisations providing health and care services‚ must act in the best interests of the people they support. 1.2 * The expression is that we ‘owe’ a duty of care to the people we work with. ‘owe’ is a useful word to describe the nature of the duty of care because it
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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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SCI Education services Ltd. Course: BBA Module: Fundamentals of Computer Topic:- Organization of Computer ( Questions & Answers) Assignment # 3 Submitted To: Ms Anum Latif Submitted By: Fatima J.Aldeen Date: 14/09/2013 Q1) Explain the functions of input and output devices. Ans) Before knowing anything about the features of these devices‚ we should know what they basically are. The information or data that’s entered or sent to the computer to be processed is considered input and
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ESSAY ON WUTHERING HEIGHTS PLOT & STORY The plot is designed in three parts: Chapters 1-3‚ Introduction; Chapters 4 (Volume 1) to chapter16 (Volume 2)‚ Nelly’s report of the story; last four chapters‚ Hareton and Cathy’s relationship. In general‚ The plot is dense and fast moving. The first three chapters take place in 1801‚ when Mr. Lockwood meet Heathcliff (his landlord) in Wuthering Heights. There‚ he also meets Hareton Earnshaw‚ Cathy Linton‚ Joseph and Zillah. The strange
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Jabril Muhammad Dr.Edwards English 1301 9 June 2014 Love is duty Love is unpredictable and can never be studied completely. St. Augustine said “Better to have loved and lost‚ then to have never loved at all.” No matter how long I live on this wonderful planet I will never forget her‚ she was the first girl I had ever connected with on an emotional and spiritual level. I first caught a glimpse of her at a conference in Austin‚ Texas‚ at the Grand Marriott hotel we became very close over a period
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Fundamentals of Macroeconomics Lisa Rasch ECO/372 June 18th‚ 2012 Sigmund Karczewski Fundamental of Macroeconomics Part 1 * Gross Domestic Product (GDP)- GDP is the value of all goods and services that have been produced in a country within a period of time. * Real GDP- Real GDP refers to the value of all goods and services that has been adjusted for inflation or deflation. * Nominal GDP- Nominal GDP refers to the value of all goods and services that has not been adjusted for
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DUTY OF CARE Duty of Care The legal definition for the term ‘Duty of Care’ means that person acts towards others and the public with watchfulness‚ attention‚ caution and prudence that a reasonable person in the same circumstances would. If a person’s actions do not meet this standard of care then their acts are considered negligent and any damages resulting may be claimed in a lawsuit for negligence. ‘Duty of Care’ means that whilst we are responsible for another persons wellbeing we must
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