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What are the general duties of directors under the Companies Act ? · 1. Duty to act within powers · 2. Duty to promote the success of the company · 3. Duty to. Duty to act in the best interests of the Company · Duty NOT to misapply company assets · Duty NOT to make secret profits · Duty of confidentiality · Duty to NOT. What are the Director's duties? The Companies Act describes the overriding fiduciary duty of directors as being to act honestly and in good faith and in the.

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The seven general duties · To act within powers · To promote the success of the company for the benefit of its members (shareholders) as a whole · To exercise. ACT (THE “ ACT”) AND FIDUCIARY DUTIES. The fiduciary duties which directors owe to their respective companies have evolved over many years by a. (3) Without prejudice to the director's duty under subsection (1)(a) to act in good faith in what the director considers to be the interests of the company, a.

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This replaces existing, similar duties. 2. Duty to promote the success of the company. (Section ). A director must act in the way he considers. (1) A director of a company shall at all times exercise his powers for a proper purpose and in good faith in the best interest of the company. [Subs. Act. The Office of the Director of Corporate Enforcement (ODCE) in furtherance of its remit to encourage compliance with company law, has historically issued a range.