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Boardroom dramas: shareholders in deadlock

Directors should have a clear focus: their fiduciary duties to the company override any duty to individual shareholders.

Published Sun, Apr 5, 2015 · 09:50 PM

THE separation of ownership and control in most companies envisages a division of power between directors and shareholders.

As officers of the company, directors are entrusted with wide-ranging management powers, excluding certain powers exercisable by shareholders in general meeting under the Companies Act, or those covered by the company's Memorandum and Articles of Association (M&A).

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