Sections 171 to 188 of Companies Act 2006
9 pages
(2361 words)
, Download 1
, Coursework
The author of the paper titled "Sections 171 to 188 of Companies Act 2006" examines this act, the major objective behind which is to make businesses more transparent in their dealings, especially after the scandals at Enron, WorldCom, Parmalat, and Snell.... ... ... ... Farrar has spelled out these fiduciary duties and one of the most important aspects of this fiduciary duty arises when there is a conflict posed between the Director's interests and the interests of the Company, where a Director is expected to subordinate his own interests to that of the Company rather than profit from his position as a Director....