Managing director - company management, Business Law and Ethics

Managing Director:

In Ellis v Bailey and Company (East Africa) Limited (76) it was stated that "without specific authority in the articles directors may not appoint one of their number to the position of managing director or other salaried office ... such an appointment would entail delegation of authority ... not authorised for directors".

This formulation of the law is a derivation from the general maxim of agency law, "delegatus non potest delegare".

Posted Date: 1/12/2013 5:03:40 AM | Location : United States







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

Write discussion on Managing director - company management
Your posts are moderated
Related Questions
writhe some stetment about morality of international context

Define the types of interaction on which literature can be found There are two types of interaction on which literature can be found. These are interactions within the legisla

"Detriment" as consideration  An example of a 'detriment' that will legally suffice like the consideration for a promise is provided with the case of Carlill v. Carbolic Smoke

Position in Relation to the Company: In 1882 Lord Esher in Barnett, Hoares & Co v South London Tramsways Co stated that: "A secretary is a mere servant; his position is tha

Question 1: a. Social responsibility is the duty to do what is best for the good of society. Critically analyze the ethical obligations of a business are toward the society.

On which convention International humanitarian law is based International humanitarian law  is  not  wholly  based  on  the  Geneva  Convention and  Hague convention. These law

Bulky and technical Bills: In fact some Bills are so bulky and technical hence they are passed without sufficient debate it means Parliament lacks the time and knowledge to th

What is the principal-agent paradigm Controversies on the decisions of many state governors and other ministers can be cited as examples. Such behaviour reflects their willing

Different ways through which States create International law There are different ways through which States create International law. International conventions mentioned under a

Explain the Cotton Arbitration Arbitration is a more formal process than mediation and conciliation. Arbitration can take place between two states or individuals of two states