Directors’ Fiduciary Duties: A New Analytical Framework ___________________________________ Ernest Lim* INTRODUCTION Prior to the enactment of the Companies Act 2006‚ the equitable principles on directors’ fiduciary duties of loyalty comprising the no-conflict and no-profit rules have been characterised in the form of either a strict or flexible approach.1 Simply put‚ under the strict approach2‚ absent the company’s informed consent‚ liability is automatically triggered if a director enters into
Premium Board of directors Fiduciary
Breach of Fiduciary duty of director According to S.4(1) of Companies Act (CA) 1965‚ director includes any person occupying the position of director of a corporation by whatever name called and includes a person in accordance with those directions or instructions the directors of a corporation are accustomed to act and an alternate or substitute director. Directors have a fiduciary duty to the company which is duty to act in good faith in best interest of the company and act for a proper purpose
Premium
The Justinian Code came about when emperor Justinian‚ or Flavius Petrus Sabbatius Justinianus‚ decided to codify existing Roman Law‚ as well as add some of his own. This code had a great effect on the law of the land‚ and remains as the foundation of law in many western nations to this day. Despite it’s effects not being immediate‚ Justinians administrative genius helped to bring stability to the inconsistent law he inherited from Rome. In 529 A.D. Tribonian‚ Justinian’s legal minister‚ led a group
Premium Common law Justinian I Roman Empire
A corporate Code of Conduct‚ sometimes also refered to as Code of Ethics‚ helps a company to show to all involved parties‚ internal and external‚ the standards that govern its conduct‚ thereby conveying its commitment to responsible practice wherever it operates. As you know‚ there have been many recent legal and paralegal initiatives to promote or require good conduct by corporations. Because there are now so many of these guidelines‚ it is not simple to get an overview‚ so that you’re able to
Premium Ethics
Business Report EXECUTIVE SUMMARY This report has been written by Sara consultants for the interested stakeholders of Lachlan and Philip businesses. It will cover the skills in management relating to adaptability‚ flexibility‚ strategic thinking and communication within a business. It will also discuss managing change within a business through firstly establishing the need for change‚ setting business goals‚ resistance to change and management consultants. Lastly this report will cover reasons
Premium Management Strategic management
was a need for organized law; and so with each emperor there came new constitutions and decrees for the Roman people to follow. The Theodosian Code was just one of the many juristic materials that helped define Roman law and keep legal clarity until the fall of the Byzantine Empire in 1453 C.E.1This paper will define the contents of The Theodosian Code; show how the size and organization of the Roman Empire had an effect on the document; and examine how religion had influenced the laws within the
Premium Roman Empire Ancient Rome Roman Republic
Table of Contents: I. Introduction: 1.1 Who is Hammurabi?……...…….……………………………………..…2 & 3 1.2 Where did he live? ……...……………………………………………….3 & 4 1.3 The beginning of the Code…………………………………………….….4 & 5 II. Cultural Analysis: 2.1 Social Layers…………..……………..…………………………………5 & 6 & 7 2.2 Existed Laws .............................…………………………………………...7 2.3 Different Cultures….………………………………………………………..8 III. Explanation of the Laws: 3.1 Examples of Laws……………………..………………………………9&
Premium Management Strategic management Marketing
QUESTION: Acquisition of property by a fiduciary of his principal is governed by two rules..discuss INTRODUCTION “A fiduciary is a person holding the character of a trustee‚ or a character analogous to that of a trustee‚ in respect to the trust and confidence involved in it and the scrupulous good faith and cador which it requires” (blacklaws dictionary). Lord Millet in Bristol and West Building Society V Mothew1 stated that a fiduciary is someone who has undertaken to act
Premium Fiduciary Trust law Trustee
Melisa Ross CJS 250 Week 1 The code of Hammurabi originated in Babylon in 1772BC‚ under the sixth king‚ King Hammurabi. This doctrine contained 282 laws which extended from household laws such as stipulations for divorce‚ and wage laws. The code also dictated that a strict eye for an eye policy as well as enslavement may be used‚ and also regulated military actions. Dracos Law was the first constitution of Athens and originated in 622
Premium Law Magna Carta
rid of it." There are many societies or cultures that still derive their beliefs or laws from Hammurabi’s ancient code. Hammurabi’s Code‚ is the oldest set of laws to be written‚ or set in stone. This code has 282 laws which was written in order to maintain control over society. It focused on the ground rules for moral behavior‚ family life‚ education‚ government‚ and business. The Code of Hammurabi‚ is written as clear as day‚ and just might be one of the most influential pieces of law ever recorded
Free Code of Hammurabi Law Hammurabi