Statutory duties Main statutory duties of a director are provided by s.132 • Where a director breaches common law duties‚ these statutory provisions impose criminal liabilities. • S.132(1) is a general provision that requires directors to act ‘honestly’ at all times and use reasonable diligence in the exercise of their powers. Any breach of fiduciary duty • Duty imposed on directors to avoid conflict of interest by not using confidential information they obtain by virtue of their position
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NOTES for “The Four Cardinal Virtues” Prudence: The virtue of prudence is the mold and mother of all the other cardinal virtues‚ of justice‚ fortitude‚ and temperance. For Pieper the fact that people feel strange when they hear the discussion of prudence occur indicates that they are genuinely lost in terms of the relationship to Western culture. “…there is a larger significance in the fact that people today can respond to this assertion of the pre-eminence of prudence only with incomprehension
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Pressure‚ ignorance‚ or reward can have a various affects on a person’s choices about virtuous acts but when it causes his or her moral actions to be compromised‚ then only certain situations can pressure or ignorance be an excuse. Courage is a virtue that can be determined by choices that a person can make. A person that only does an act because he sees some personal gain from the act such as saving a child from a fire may not have committed a virtuous act because of the motive behind it such
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FORGIVENESS IS A VIRTUE Forgiveness is a word that we use lightly in the world today. Forgiveness is more than just a three syllable word‚ it is a word that keeps this world moving. What I mean by that is‚ without forgiveness‚ everyone would go around in the world hating each other for everything. Jesus tells us that no one is perfect‚ so how can we expect people not to make mistakes? The definition of forgiveness is "excusing a mistake or offence". That is pretty simple
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situations while others don’t? The reason is that those successful people have and have always had a certain characteristics that help them to do so. These characteristics are called virtues. A virtue is a characteristic of a person which supports individual moral excellence and collective well being. One of the most important virtues that helps individuals progress and succeed is patience. This is because patience helps one make good decisions‚ prevents one from giving up‚ and helps develop empathy and compassion
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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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Vanity is a Virtue Okay‚ I’ll admit that I like what I see when I look in the mirror. And even though I’m quite nervous talking in front of you‚ capturing the attention of a number of students‚ with all your eyes and ears on me‚ feels very fulfilling. Say it. It’s vanity. And yes‚ I am vain. So‚ as vain as I am‚ I’m going to stand before you today and prove that vanity is not a dreadful thing. Vanity is a moral excellence. Foremost‚ let us scrutinize Mr. Webster’s definition of vanity – an excessive
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an integrity of purpose‚ which is to say a critical spirit‚ patriotism in the proper sense of the word‚ respect for the rights of others‚ reasoned devotion to the national community‚ "virtue" in the language of Montesquieu‚ Rousseau and Robbespierre. "The soul of the Republic‚" wrote Robbespierre in 1792‚ "is virtue‚ love of country‚ the generous devotion that fuses all interests into the general interest" (pp. 219 220). Perhaps the reader in the late 20th century --- some fifty years after Lefebvre
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life after the death of a loved one‚ or even working hard to pay your monthly bills. In Ancient times‚ courage was considered to be one of the four essential virtues in life: wisdom‚ courage‚ temperance and justice. Courage is one of the most important qualities in a man because without it‚ he will not be able to show his other virtues. You cannot buy courage or get it from someone else. You can only be inspired by the examples of other people. All in all‚ courage is not just a gained state
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The duty to act is and will be a controversial issue that has existed over time‚ mainly due to its biblical Origin. The parable of the Good Samaritan‚ the ‘Neighbour principle’ in Leviticus 19:16 “Do not stand By while your neighbour’s blood is split and the moral teaching of the story of Cain and Abel. The General rule of no liability for omission obstructs the duty to act‚ this then provides different Approaches in the Law of different jurisdictions. A bystander found failing to assist a third
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