n SA Mercantile Law Journal = SA Tydskrif vir Handelsreg - Mass resignation of the board and social responsibility of the company : Minister of Water Affairs and Forestry v Stilfontein Gold Mining Co Ltd : case comments
|Article Title||Mass resignation of the board and social responsibility of the company : Minister of Water Affairs and Forestry v Stilfontein Gold Mining Co Ltd : case comments|
|© Publisher:||Juta Law Publishing|
|Journal||SA Mercantile Law Journal = SA Tydskrif vir Handelsreg|
|Author||Stephanie Luiz and Zuene Taljaard|
|Publication Date||Jan 2009|
|Pages||420 - 425|
Just as one might accept an appointment as a director, so one can also resign as a director. When a person becomes a director of a company, it is commonly accepted that he or she owes a fiduciary duty to the company to act bona fide and in the best interests of the company (see generally, Robinson v Randfontein Estates Gold Mining Co Ltd 1921 AD 168; S v De Jager & Another 1965 (2) SA 616 (A); Howard v Herrigel NO 1991 (2) SA 660 (A); Phillips v Fieldstone Africa (Pty) Ltd 2004 (3) SA 465 (SCA)).
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