Masters Open Day 22 February 2014 Join the best at the Maastricht University

Masters open day 22 february 2014 join the best at

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Master’s Open Day: 22 February 2014 Join the best at the Maastricht University School of Business and Economics! Top master’s programmes • 33 rd place Financial Times worldwide ranking: MSc International Business • 1 st place: MSc International Business • 1 st place: MSc Financial Economics • 2 nd place: MSc Management of Learning • 2 nd place: MSc Economics • 2 nd place: MSc Econometrics and Operations Research • 2 nd place: MSc Global Supply Chain Management and Change Sources: Keuzegids Master ranking 2013; Elsevier ‘Beste Studies’ ranking 2012; Financial Times Global Masters in Management ranking 2012 Maastricht University is the best specialist university in the Netherlands (Elsevier)
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BUSINESS ORGANISATIONS AND AGENCY 442 COMPANY DIRECTORS Fulham FC leased a piece of land from Cabra Estates. In return for a substantial payment to Fulham, the directors of the club made an undertaking to support future planning applications filed by Cabra Estates with respect to that land and to oppose contrary plans from the local council. The directors proceeded to carry out this undertaking. The question was whether the undertaking was an improper fettering of the directors’ discretion and whether it infringed their fiduciary duty to Fulham FC. It was held that the directors have not improperly fettered their discretion and that they had not breached their fiduciary duty since the undertaking was done bona fide and for the benefit of the company. 24.11.6 DUTY NOT TO ACCEPT BENEFITS FROM THIRD PARTIES Directors must not, in the course of their employment, accept benefits from third parties by virtue of their being directors, or in order to do or refrain from doing their duties as directors – s. 176 CA 2006. This duty, which aims to prevent corruption that might compromise the performance of a director’s responsibilities, is a reaffirmation of the duties to avoid conflict of interest and to exercise independent judgment. The acceptance of a benefit from a third party might vest in a director a personal interest in the direction or outcome of corporate policy or activity, and might compromise the exercise by the director of an independent judgment. It might also compromise the director’s overall duty to act bona fide in the interest of the company as a whole. However benefits conferred by the company or authorised by the shareholders are not covered by this provision – s. 180 (4) CA 2006. 24.11.7 DUTY TO USE CARE AND SKILL Under the Common Law, directors were required to exercise reasonable care and skill in their conduct and management of the company’s affairs. They would be liable in negligence if they fail to exercise appropriate care and skill or competence. S. 174 CA 2006 has codified this rule. Originally, the common law did not set for directors a particularly high standard of care and skill as evident from Re Equitable Fire Insurance Ltd. (1925) Ch 407 .
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