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(p. 216) 10. Duty to promote the success of the company 

(p. 216) 10. Duty to promote the success of the company
(p. 216) 10. Duty to promote the success of the company

Brenda Hannigan

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date: 25 October 2020

At common law, directors have a duty to act bona fide in the interests of the company, which is restated in the Companies Act 2006 (CA 2006) s. 172(1) as a duty to act to promote the success of the company. This chapter separates that duty into its component elements and discusses each in turn. These include: the duty to act in good faith; the success of the company for the benefit of the members as a whole; having regard to various factors; and considering creditors' interests.

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