Legal Issues

Company Law

Company Law

Introduction

The directors in this case have been highly ignorant in the context of their directorial duties. They have used their professional status in an unprofessional manner and thus their current organization has been suffering. Since the market expansion was one of the most important goals of the organization, the directors should have been highly careful with regards to their duties. Since the directors clearly knew what constituted as a violation of their directorial duties, still they went against their directorial duties. The Corporations law clearly states that the directors would be penalised at a severe level if ...