1. Directors' Fiduciary Duties (Singaporean Companies Act)
... general principle to avoid conflicts of interest was of such impor-tance that they reversed the decree of the Court of Appeal and set aside the sale. In a set of facts as in the given case, one could even spot a contradiction between the duty to act in the company's best interest and the duty to avoid conflicts of interest. From an ... the very strict handling of this principle by the courts by merely taking into account the objective criterion that there is a conflict of interest whilst excluding any consideration of subjective facts, apply-ing s 391 to a director who has been in breac...
- Word Count: 2490
- Approx Pages: 10
- Grade Level: High School