Answered step by step
Verified Expert Solution
Question
1 Approved Answer
There was some debates for some time about this. Lecturer couldn't see personally this issue. We got two different policy concerns here. One is we
There was some debates for some time about this. Lecturer couldn't see personally this issue. We got two different policy concerns here. One is we want natural person to be appointed as legal directors as we want them to take personal responsibility. We dont want them to hide behind corporate veil and get that protection. On the other hand, we got another one, anyone ether they are natural or jurisdiction person all to take responsibility if they take on the role of a director. In Gilles Bakery Ltd v Gillespie - pge 171 footnote), court held that those two provisions had different policy aims. Therefore court held that there is no conflict in deeming a company a director. So therefore EXQ, Jana plan on expecting Granda to be the corporate director is possible. In accordance with the NZ Act, As Granda is a corporate entity, it can serve as a de facto director but remember it is held liable for its action just like a director
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started