Question
Mr X is a director of company ABC. Mr Y, the chairperson of the board of directors for company ABC, informs Mr X that as
Mr X is a director of company ABC. Mr Y, the chairperson of the board of directors for company ABC, informs Mr X that as a director of the company, he has an obligation to perform to the best of his abilities.
Advice Mr X on where ‘obligation’ emanates from in terms of the South African law and give an example of each of those situations
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In South African law the obligation that Mr Y mentioned to Mr X as a director of company ABC emanate...
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
