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The Impact of Modern Influences on the Traditional Duties of Care, Skill and Diligence of Company Directors (Hardcover)
Loot Price: R4,833
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The Impact of Modern Influences on the Traditional Duties of Care, Skill and Diligence of Company Directors (Hardcover)
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Although all are agreed that current commercial realities
dramatically affect the duties owed by directors to their
companies, there is as yet no consensus on what, if anything,
should be done about it. Some urge reform, or at least
modification, while others insist that the traditional standard
which may be expressed generally as "such care as is reasonably
expected, having regard to the director's knowledge and experience"
- has the great merit of flexibility. In an initiative aimed at
clearing this impasse, the English and Scottish Law Commissions
have proposed a statutory formulation, on the grounds that this
would at least bring more certainty and clarity to the applicable
standards. This book delves into the issues surrounding this
debate, presenting the arguments for and against a statutory
statement, with in-depth analysis of the various degrees of reform
that could be brought to bear on the issue.
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