Mr X is a director of company ABC. Mr Y, the chairperson of the board of directors for company ABC, informs Mr X that as a director of the company, he has an obligation to perform to the best of his abilities.

Advice Mr X on where ‘obligation’ emanates from in terms of the South African law and give an example of each of those situations

Answer rating: 100% (QA)

In South African law the obligation that Mr Y mentioned to Mr X as a director of company ABC emanate... View the full answer