1. Directors' Fiduciary Duties (Singaporean Companies Act)
... well as the interpretation of the terms within the principles, must be laid down. (1) Duty to act in the company's interests "To "act honestly" refers to acting bona fide in the interests of the company in the performance of the functions attaching to the office of director." This is the definition of the phrase "to act honestly" in the context of s. 157, established in the Victorian case of Marchesi v. Barnes & Keogh . The courts allow the director absolute discretion ... in determining what the best interests of the company are, interfering only ... ...
- Word Count: 2490
- Approx Pages: 10
- Grade Level: High School