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Article: Directors' Fiduciary Duties: A New Analytical Framework
Title | Directors' Fiduciary Duties: A New Analytical Framework |
---|---|
Authors | |
Keywords | Breach of fiduciary duty Conflict of interest Directors' liabilities Statutory interpretation |
Issue Date | 2013 |
Publisher | Sweet & Maxwell Ltd. |
Citation | The Law Quarterly Review, 2013, v. 129, p. 242-263 How to Cite? |
Abstract | Proposes a framework for interpreting and applying the Companies Act 2006 s.175(4)(a), providing that a director cannot be liable under the no-conflict rule if the business opportunity 'cannot reasonably be regarded as likely to give rise to a conflict of interest', taking account of whether: (1) the company has considered and rejected the opportunity on a bona fide, fully informed and unbiased basis; (2) it arose before or after the director's resignation and, in the former case, if it fell within the scope of the company's business; and (3) it was a maturing business opportunity. |
Persistent Identifier | http://hdl.handle.net/10722/184528 |
ISSN |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Lim, E | en_US |
dc.date.accessioned | 2013-07-15T09:53:22Z | - |
dc.date.available | 2013-07-15T09:53:22Z | - |
dc.date.issued | 2013 | en_US |
dc.identifier.citation | The Law Quarterly Review, 2013, v. 129, p. 242-263 | en_US |
dc.identifier.issn | 0023-933X | - |
dc.identifier.uri | http://hdl.handle.net/10722/184528 | - |
dc.description.abstract | Proposes a framework for interpreting and applying the Companies Act 2006 s.175(4)(a), providing that a director cannot be liable under the no-conflict rule if the business opportunity 'cannot reasonably be regarded as likely to give rise to a conflict of interest', taking account of whether: (1) the company has considered and rejected the opportunity on a bona fide, fully informed and unbiased basis; (2) it arose before or after the director's resignation and, in the former case, if it fell within the scope of the company's business; and (3) it was a maturing business opportunity. | - |
dc.language | eng | en_US |
dc.publisher | Sweet & Maxwell Ltd. | en_US |
dc.relation.ispartof | The Law Quarterly Review | en_US |
dc.subject | Breach of fiduciary duty | - |
dc.subject | Conflict of interest | - |
dc.subject | Directors' liabilities | - |
dc.subject | Statutory interpretation | - |
dc.title | Directors' Fiduciary Duties: A New Analytical Framework | en_US |
dc.type | Article | en_US |
dc.identifier.email | Lim, E: elimwk@hku.hk | en_US |
dc.identifier.authority | Lim, E=rp01531 | en_US |
dc.identifier.hkuros | 215982 | en_US |
dc.identifier.volume | 129 | en_US |
dc.identifier.spage | 242 | en_US |
dc.identifier.epage | 263 | en_US |
dc.publisher.place | United Kingdom | - |
dc.identifier.issnl | 0023-933X | - |