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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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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Duty of Care. - Risk Assessment for excursion. 80 Students to Sydney entertainment centre‚ Points to consider- - Security - Dressing areas - Outside entertainment area - General Public - Teacher/adult supervision - medical and behaviour plan that are in place in case of an incident - Mobile range/service for emergencies - Full equipped first aid kit Student M -10 year old‚ was demonstrating behaviour in a public toilet that was unacceptable‚ (Jumping on a change table). When this
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L. McCutcheon ATAN‚USN 25May13 DERELICTION OF DUTYS Dereliction of duty is a specific offense under United States Code Title 10‚892. Article92 and applies to all branches of the US military. A service member who is derelict has willfully refused to perform his duties (or follow a given order) or has incapacitated himself in such a way that he can not perform his duties. Such incapacitation includes the person falling asleep while on duty requiring wakefulness‚ his getting drunk or otherwise
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The first premise that Socrates presented to support his choice of staying in prison was “that some opinions‚ and the opinions of some men only‚ are to be valued‚ and other opinions‚ and the opinions of other men‚ are not to be valued.” He formed this premise in response to Crito’s reason to why Socrates should escape the prison with him. The reason is that the people will think that Crito values money more than friendship‚ and people will also think that Socrates is betraying his life and his children
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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 duties of a constable vary from one region to the next. In some counties‚ the constable is an elected official while in others‚ he or she is a part of the court system. Constables and sheriffs often have similar duties and responsibilities‚ but in some states there is only a sheriff and no constables. Traffic Officer Constables can make traffic stops within the city that they have jurisdiction. In some cases‚ that might be a city or county with rural areas that aren’t patrolled by the state
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Brushing and flossing teeth once or twice a day Staying proactive in own healthcare and participating in decision making Going to the primary care doctor routinely Reviewing list of medications with their doctor(s) often Following recommended instructions for health screening‚ preventive tests‚ and vaccinations Visiting a dentist annually or biannually Following up with eye doctor and foot doctor‚ especially for people with diabetes Being aware of potential medication side effects and
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Duty of Care Duty of care refers to the obligations and responsibilities that people in authority have for those in their charge. Whether a duty of care is owed depends in part on the position of the person in authority‚ particularly his or her status as an expert with superior knowledge. Proof that a duty of care has been breached generally leads to a court awarding damages to the injured party to compensate for financial loss. Duty of care in child care Obviously people who work in child
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issues to be discussed. The first issue is what have Don breached his directors’ duties under the act in good faith and best interest of the company as well as disclosure personal interest. The second issue is possible remedies for Bryan while he has been conducted unfair and oppressive. ISSUE 1: WHAT HAS DON BREACHED? Fiduciary duties to disclose personal interests Directors are under both fiduciary and statutory duties to avoid conflicts between their personal interests and the interests of the company
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