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LML4806 - Study unit 3 2023 with verified questions and answers
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May 2023
2022/2023
A+
What is meant by partial codification of directors duties?
The object of partial codification of directors duties is to make the law clearer and more accessible, particularly for directors. Directors must comply with both statutory and common law fiduciary duties.
What do fiduciary duties require?
- avoiding a conflict of interests between the director's personal interests and the interest of the company
- not exceeding the limitations of his or her own power
- maintaining an unfette...
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