n Without Prejudice - Duty to disclose interests : company law
|Article Title||Duty to disclose interests : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Affiliations||1 Institute of Directors|
|Publication Date||Nov 2011|
|Pages||22 - 24|
The fiduciary duties that directors owe their company basically entail that they act in good faith, for a proper purpose and in the best interests of the company. This is codified in s76(3)(a) and (b) of the Companies Act (71 of 2008), which should be read with the common law to establish the exact content of the fiduciary duties.
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