Their primary obligations consist of three duties: care, loyalty and obedience.
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Articles on fiduciary duty
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The announcement didn’t use the word ‘divest.’ A legal scholar explains why that shouldn’t matter.
The law in South Africa is clear. Board committees may not function without keeping minutes.
Former Commonwealth Bank chief David Murray promised to restore AMP’s reputation. He was never the right executive for the job.
Over the past few years, heads of department and chief financial officers in South Africa have been placed under enormous pressure by politicians to bend compliance rules.
Steinhoff was the darling of investors, asset managers, analysts and financial journalists. But its success was built on shaky foundations.
There are increasingly very sound financial reasons for super funds to strategically divest from some areas.
Top contributors
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Adjunct Associate Professor, Monash University
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Professor: International Business & Strategy, Wits Business School, University of the Witwatersrand
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Associate Professor, University of Tasmania
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Associate professor, Stellenbosch University
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Professor in Company Law, University of South Africa
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Professor Emerita of Law, University of Oregon
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Professor, Paul H. O'Neill School of Public and Environmental Affairs, Indiana University Bloomington, Indiana University
