press clippings
Monday, 15 Mar 2010
If it sounds too good to be true...
Pamela Abbott and David Wylie write in The Journal
A recent Court of Appeal decision takes a strong line on directors' fiduciary duties as respects pursuit of business opportunities.
Ever had a client come to you with a “get rich quick” investment idea that has arisen in the course of their employment? Would your advice be different if the client were a company director? The answer, given a recent Court of Appeal decision on directors’ duties, should be a resounding yes!
Much has been made of the codification of directors’ duties by the Companies Act 2006; it was, after all, heralded as the provision, for the first time, of a clear and authoritative statutory statement of what directors’ duties are....
to read the full article in The Journal click here.