Tuesday, April 28, 2009

NO CONFLICT CLAUSES

All Company Directors are in the postion of Fiduciaries.At Common Law they are absolutely prohibited from compromising their duty of loyalty to the Company by entering into transactions with the Company which has relevance to their direct or indirect interests.

[The above principle is almost impossible at a practical level]

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Kuala Lumpur, Selangor, Malaysia
Origin- Penang.Came to KL in 80's to study theology.Threw away my religious books after 4 years to read Law.