Empowers directors - company management, Business Law and Ethics

Empowers directors - company management:

In the case of companies which have adopted Table A, Article 107 empowers directors to appoint a managing director "for such period and on such terms as they think fit". Therefore in Craven-Ellis v Cannons Ltd it was explained that the words "the directors" at the beginning of Article 107 means "the de jure directors". Consequently, a purported appointment by de facto directors would be null and void. A managing director occupies a crucial position in the management of a company and as such it would be improper to allow people who are in fact illegally in office (the de facto directors) to appoint him. This decision is not inconsistent with s.2 of the Act which defines "director" as including a de facto director because the section provides that the definition will apply "except where the context otherwise requires".

Posted Date: 1/12/2013 5:05:22 AM | Location : United States







Related Discussions:- Empowers directors - company management, Assignment Help, Ask Question on Empowers directors - company management, Get Answer, Expert's Help, Empowers directors - company management Discussions

Write discussion on Empowers directors - company management
Your posts are moderated
Related Questions
Question : (a) Show how a party can terminate a forward transaction prior to maturity? (b) Suppose a forward Rate Agreement that: Expires in 30 days Is based on a n

Obiter Dictum Thus now  "by the way" statement made through a judge before delivering his judgement within  a view to  strengthening or re-enforcing his reasons to the decis

Question 1: (a) Explain what is meant by Subsidiary Legislation and the reasons for using such a law. (b) Describe the ways in which Subsidiary Legislation is controlled.

Compulsory winding up: At the hearing other creditors of the company may oppose the petition.  If so, the court is likely to decide in favour of those to whom the larger amoun

Lifting the veil under Case Law:                  Numerous English cases have been variously classified by English writers as instances of "lifting the veil of  incorporation"

Proposal to reduce the votes of preference shares: In making this approach the courts have nonetheless kept the door open for action to deal with discrimination against a clas

Registered Companies: A registered company is formed by registration under the Companies Act. It is this type of company that people usually have in mind when they talk of "a

DECLARATION OF SOLVENCY:                                       A voluntary winding up is a members' voluntary winding up only if the directors make and deliver to the regist

QUESTION 1 You are given the task to make a Code of Ethics for your organization (a) Describe a Code of Ethics (b) What are the different aspects/issues that you might in

QUESTION 1 Nowadays, many people are opting for Alternative Dispute Resolution (ADR) as a means to settle commercial disputes due to its advantages. Discuss QUESTION 2