Question
Emma, Tina and Billy are the directors of MediaWorld plc. Emma is the Managing Director. Emma entered into a contract on behalf of MediaWorld with
Emma, Tina and Billy are the directors of MediaWorld plc. Emma is the Managing Director. Emma entered into a contract on behalf of MediaWorld with BestPC Ltd. Which undertook to supply a quantity of computers to MediaWorld. Although she was paid significant commission by BestPC for securing the deal, Emma did not mention this to anyone else. Tina has been asked by Emma to purchase 50 printers for MediaWorld. Unknown to the other directors, Tina runs her own company that sells printers and she gives the MediaWorld lucrative contract to it. Tina does not mention this to the directors of MediaWorld. Billy has responsibility for MediaWorlds marketing strategy and he has taken a number of decisions without consulting his fellow directors. It was recently revealed that his decisions were wrong and resulted in a loss of profits. When Billys actions were questioned by the board of MediaWorld, he argued that he rarely attends board meetings, and hence it was the lack of information that led to his erroneous decisions.
Advise Emma, Tina and Billy as to any liability each may incur with regard to a breach of their legal duties towards MediaWorld plc.
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