材料全屏 Caz is a director of Dull plc, but she also carries out her own business as a wholesale supplier of specialist metals under the name of Era Ltd. Last year Dull plc entered into a contract to buy a large consignment of metal from Era Ltd. Caz attended the board meeting that approved the contract and voted in favour of it, without revealing any link with Era Ltd. 23 【论述题】 State what is meant by a director's statutory duties
【参考答案及解析】
Before the Companies Act 2006, directors owed common law fiduciary duties based on principles of trust and honesty. For example, a director must act bona fide and honestly and not seek any personal advantage when dealing with the company. These fiduciary duties, and others, were put onto a statutory basis in the Companies Act 2006. This means that the duties are now enshrined in the statute books rather than being based in common law.
Before the Companies Act 2006, directors owed common law fiduciary duties based on principles of trust and honesty. For example, a director must act bona fide and honestly and not seek any personal advantage when dealing with the company. These fiduciary duties, and others, were put onto a statutory basis in the Companies Act 2006. This means that the duties are now enshrined in the statute books rather than being based in common law.