ASAP

NeueHaasGrotTe> 10 B I U A.. A WN - Wellington decides to resign from Waterloo Limited and joins a syndicate with 10 friends to take over and operate for themselves a small merchant bank. The takeover is successful and Wellington is appointed finance manager of the revamped company's corporate finance department. He then approaches the customers he formerly dealt with at Waterloo Limited. Identify and discuss four significant statutory duties that require directors and officers to act with care, diligence and in good faith. a. Explain whether the impact of these statutory duties would be different on directors and/or officers of a small proprietary company, a large proprietary company, or a public company? b. Why or why not? c.Advise Waterloo Limited as to the grounds on which it can take legal action to prevent Wellington's actions. (10 marks)