June 2025 ACCA Exam Results

Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2025 exams.
Get your discount code >>

directors

This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
September 8, 2017 at 3:41 pm #406765
adarsh1997
Participant
- Topics: 646
- Replies: 282
Hi Mike!
What will happen to the director who has acted beyond their power but in the interest of the company? Is that a breach of the act?
September 8, 2017 at 5:05 pm #406782
MikeLittle
Keymaster
- Topics: 27
- Replies: 23327
No, but it’s a breach of the agent’s powers and the director may be required to compensate the company for any consequent loss suffered
And if s/he does it repeatedly, that director could well find themselves voted out of office or asked to resign from office
OK?
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

The topic ‘directors’ is closed to new replies.