CHECK THESE SAMPLES OF Duty of Good Faith and of Avoiding Conflict of Interest
Fiduciary Duty: A common law and statutory law prescribing the duty of care and level of competence applicable to and enforceable against managers who have monetary responsibilities in situations where they have control over funds that are not their own.... 2453460 and regulated by the Financial Services Authority) Offer of Fixed interest Investment Funds to the Public Prospectus July 2012 Valid from 1 July 2012 to 1 July 2013 This prospectus is issued pursuant to the requirements delineated in Directive 2003/71/EC of the European Parliament and of the Council....
21 Pages
(5250 words)
Assignment
The duty of the director of a company is to have a good faith; an element that would promote the company following corporate social responsibility as it would be a benefit for the society on a whole.... Recently, some multi-nationals have been found to be avoiding paying taxes in millions despite their enormous sales.... A good reputation would be built if they pay the exact amount of tax otherwise they would not maintain a high standard of reputation in the market, thereby losing its credibility and goodwill....
17 Pages
(4250 words)
Assignment
Chapter 2 of Part 10 A of the Act lays down duties of the directors under various heads such as duty to act within powers, to promote success of the company, to exe… rcise independent judgement, to exercise reasonable care, skill and diligence, to avoid conflict of interest, duty not to accept benefits from third parties and duty to declare interest in a proposed transaction.... Foremost is the fiduciary duty under which duty of care and skill, duty to act bona-fide in the interest of the company and the rule of proper purpose have developed as a common law from judicial decisions....
15 Pages
(3750 words)
Essay
Another relevant case is Bhullar v Bhullar 9 wherein the principle of directors avoiding conflict of interest has been upheld.... It is not an infringement if the situation is not likely to give rise to conflict of interest or if the investment is already authorised by the board.... In the new Act, shareholders' approval of the conflict of interest is required either by resolution or by Articles.... Held that as a fiduciary, he should have avoided conflict of interest....
7 Pages
(1750 words)
Coursework
Overall, the possibility of manifestation of conflict of interest between a director's fiduciary and persona capacities is rife within a majority of the organizations.... Highlighting conflict of interest impacting on the director demands exploring whether the director engaged will obtain a substantial gain from the manifest conflict of interest.... This manifest prominently amid the utilization of any assets, opportunity, or information and fails to link to a clash of interest flowing from a transaction or pact with the company or in the events in which the subject has been permitted by the company's directors (Davies 2012, p....
8 Pages
(2000 words)
Essay
It is important to underline the duty of every employee in serving the company with utmost faith and considering that the welfare of the employees takes center stage as far as productivity of the corporation is concerned.... In this respect, the employee should act for the interest of fellow workers without fearing for the short term consequences like loss of job.... What do you see as the conflict?... Deontologist: decision is tied to duty and obligation From the approach of deontologist, the universal obligation and responsibility of every person to ensure safety and general welfare of humanity is upheld....
4 Pages
(1000 words)
Essay
hellip; There, he developed an interest in the idea of peacefulness, as enshrined in the Hindu sacred writings, and Christian teachings in the Bible (Sudhir, 2012).... nbsp; After the conflict, his image as a trusted leader grew....
9 Pages
(2250 words)
Research Paper
In general, the essence of a fiduciary per se - or status based - the relationship is that one person occupies his position in which he has a duty to act on another's behalf and has the opportunity to abuse his position.... The author of the paper gives detailed information about three types of fiduciary relationship recognized in English law academics....
4 Pages
(1000 words)
Assignment