n Without Prejudice - Corporate opportunities and a director's fiduciary duty : company law
|Article Title||Corporate opportunities and a director's fiduciary duty : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Jun 2016|
|Pages||38 - 40|
It is a well-established rule of Company Law that directors have a fiduciary duty to exercise their powers in good faith and in the best interests of the Company. They may not make a secret profit or otherwise place themselves in a position where their fiduciary duties conflict with their personal interests (Robinson v Randfontein Estates Gold Mining Co Ltd 1921 AD 169 at 177).
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