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(Ebook) A CRITICAL ANALYSIS OF THE DIRECTOR’S DUTY TO ACT IN WHAT HE BELIEVES TO BE THE BEST INTERESTS OF THE COMPANY: A PROPOSAL FOR AMENDMENT by Hannatu Adamu

  • SKU: EBN-23851466
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Instant download (eBook) A CRITICAL ANALYSIS OF THE DIRECTOR’S DUTY TO ACT IN WHAT HE BELIEVES TO BE THE BEST INTERESTS OF THE COMPANY: A PROPOSAL FOR AMENDMENT after payment.
Authors:Hannatu Adamu
Pages:21 pages.
Year:2015
Editon:1
Publisher:Ahmadu Bello University Journal of Commercial Law
Language:english
File Size:0.56 MB
Format:pdf
Categories: Ebooks

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(Ebook) A CRITICAL ANALYSIS OF THE DIRECTOR’S DUTY TO ACT IN WHAT HE BELIEVES TO BE THE BEST INTERESTS OF THE COMPANY: A PROPOSAL FOR AMENDMENT by Hannatu Adamu

The Berle-Dodd debate of the early 20th Century remains inconclusive. However, so-called stakeholder statutes have cropped up in some jurisdictions in a bid to assuage stakeholder theorists of the corporation, suggesting that corporate law in such jurisdictions is slowly coming to terms with the weight of influence the corporation is having on society. In the meantime, however, shareholder primacy remains the persistent governance structure supported by the law in many other jurisdictions, including Nigeria, whose Companies and Allied Matters Act 1990 has never been reviewed throughout its existence. This work carefully analyses how s.279(4) of this law wrongly juxtaposes employees and members as supposedly entitled to equal consideration from the director when he makes decisions. The findings are clear that the interests of members and the company are more aligned and ought to be properly harmonized, whereas employees are clearly without legal leverage under the law and therefore, ought not to feature under the said section at all.
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