Lecture 10A - DivisionofPowers withinaCompany Members in...

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Division of Powers  within a Company Members in G.M. – limited by articles. Statutory powers – s. 132 & s 137 Board of Directors Corporate Governance
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Directors Appointment-s.122 (3) Subsequent appointment Tab A Art 66 Age s.129 (1) Residence s.122 (1) Disqualification (ss125,130, 130A) » undischarged bankrupts » convicted persons (fraud etc) » co mismanagement Removal-s.128 (Pub co), Tab A Art 72
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Definition 1. s.4(1) CA 1965 A director of a company is defined in s 4 as a person who is appointed to the position of a director or alternate director regardless of the name given to their position. A director is not just a person formally appointed to the office. The s 4 definition also regards certain persons to be directors even though they are not validly appointed.
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2. Person properly appointed under articles 3. “De facto Director” » CAC v Drysdale Sanjung Selamat Sdn Bhd v CL Chin and Associates [2007] MLJ 555 4. “Shadow directors” » -professional advisers ?
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  • Spring '14
  • Subsequent appointment Tab, Yap Sing Hok

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