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Q1. Juliet has been invited to be a director of a company. She seeks your advice on the following: (a) Who is a director? (b)

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Q1. Juliet has been invited to be a director of a company. She seeks your advice on the following: (a) Who is a director? (b) What is the power of a director? (c) What are the legal requirements for the appointment of a director? (d) What are the qualifications and disqualifications for a company director? (e) What are the common law fiduciary duties of a director? (f) What are the statutory duties of a director under the Act? Q2. Geronimo (G) holds 55% shares and is a director of I-tek Son Bhd. The other shareholder is Hadrian (H). Geronimo's son, Jeremiah (J), is also a director of the company but he does not hold any shares. H has 45% shareholding. G and H are now in conflict. G and J, on behalf of the company, increase its share capital. The new shares are issued to J. As a result, H's shareholding has dropped to 25% and both G and J now control 75% of the company. Discuss. Q3. Khan's son, Kanaka is preparing to pursue his medical studies in UK. Khan requires a large amount of money to support his son. He intends to borrow RM600,000 from his company for this purpose. He is confident that his co-directors would agree to this loan as he has been the company's chairman for the last 10 years. (@) Advise Khan on whether the loan will be approved? (b) Explain the reason why the Companies Act 2016 discourages the provision of loans to directors. (c) Discuss any exceptions to the rule against providing loans to directors

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