Here is the synopsis of our sample research paper on The Duties of Directors; UK Law. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
In March 1998, the DTI launched a long-term fundamental review of core company law. As part of their inquiry the Review carried out a major analysis of the role and function of directors. The Government believes that the statutory statement of directors' general duties is of fundamental importance as it codifies the principal duties of companies directors. This 11 page paper discusses this statement with reference to decided UK cases, legislation and academic views and briefly describe the background to the Company Law Reform Bill. The bibliography cites 9 sources.
Page Count:
11 pages (~225 words per page)
File: TS14_TErevdirec.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
they run the company needs to be one that is accountable to the shareholders. There have been many disputes in the history of company law where shareholders blame directors for
mistakes of bad business decisions. The difficulties have occurred where it is claimed that directors have not carried out the duties that
they should. The duties of the directors when in March 1998, the DTI launched a long-term fundamental review of core company law. As part of their inquiry the Review
carried out a major analysis of the role and function of directors as it stated that directors "general duties is of fundamental importance as it codifies the principal duties
of companies directors". By looking at this we can consider how this is very important and the background to the Law Reform Act. Directors have several duties to a
company. The directors should act in good faith, with proper purpose, and with unfettered discretion and have a duty to ensure they do not have a conflict of interests. One
of the well known cases is that of Re Brazilian Rubber Plantation and Estates Ltd [1911] 1 Ch 425 at 437. This can be seen as one of the key
cases that outlines the legal duties of a director in terms if the duty of care in common law. This along with City Equitable Fire Insurance Co. Ltd [1925] Ch
407 and Francis v. United Jersey Bank can be seen as the three main cases. In the case of Re Brazilian Rubber Plantation and Estates Ltd there was an
interesting case, there was the running of a rubber plantation by a company here the directors of the company had absolutely no experience of a rubber plantation.
...