Question
25 Marks At XYZ Company, Isha, the Managing Director, is concerned about the level of fighting among its members. She decides to contact those members
25 Marks
At XYZ Company, Isha, the Managing Director, is concerned about the level of fighting among its members. She decides to contact those members and offer to acquire their shares. As managing director, Isha knows there is a good chance that the XZY company will soon enter into a supply agreement with a major food processor in Malaysia that will greatly enhance the value of the business. She believes now is the right time to make an offer for the shares, before the deal is finalised and announced. Isha knows that, as a director of XZY Company, she owes duties to the company.
What duties does Isha owe in these circumstances?
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