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Good Faith and Best Interest of the Company

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statutory duty- director and officer must exercise powers/ discharge duty in good faith in best interests of company s181(a):

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12 Pages Essays / Projects 1-2 Years old
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Good Faith and Best Interest of the Company
Topics this document covers:
Law Economy Business Corporate law Corporate governance Business law Bankruptcy United Kingdom company law Liquidation Board of directors Trading while insolvent Australian Securities and Investments Commission v Rich Walker v Wimborne
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Topics this document covers:
Law Economy Business Corporate law Corporate governance Business law Bankruptcy United Kingdom company law Liquidation Board of directors Trading while insolvent Australian Securities and Investments Commission v Rich Walker v Wimborne
Sample Text:
GREENHALGH v ARDERNE CINEMAS use the case in the application of statutory duty to interpret s 181(a) and get conclusion Employees: Park v Daily News should in the best interest of shareholders as a whole not in the interest of employee at the expense of interest of shareholers. Nominee Director: Scottish co-operative wholesale v meyer should put interest of company ahead of the interest of appointor when conflict happens. interest of creditor when company is insolvent. Walker v Wimborne, Ringv Sutton, Kinsela v Russel Kinsela Pty Ltd Corporate Group: Director breach their duty 1when make loans from one company another with no prospect of repayment.2 Cause cone company to pay the expenses of another company. APPLICATION OF CASE to support t...
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