Discuss the business judgment rule as stated in the provision of the Companies Act 2016. Support your

Fantastic news! We've Found the answer you've been seeking!

Question:

Discuss the “business judgment rule” as stated in the provision of the Companies Act 2016. Support your answer with reference to the relevant statutory provisions.

Related Book For answer-question

Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

See More Books

Posted Date: Nov 29, 2023 08:37 AM

See More Questions

Connie runs her own sole-practitioner law firm in Hamilton. Recently, she felt that both her clients and employees should be provided with coffee using a coffee machine instead of instant coffee...
[On October 1, 1995, Disney hired as its president Michael S. Ovitz, who was a long-time friend of Disney Chairman and CEO Michael Eisner. At the time, Ovitz was an important talent broker in...
You are the newly-appointed Assistant Company Secretary of Akoma plc (Akoma), a company listed on the Ghana Stock Exchange. The Company Secretary of Akoma is Mrs Owusu. Mrs Owusu is nearing...
Hughes Company has a credit balance of $5,000 in its Allowance for Doubtful Accounts before any adjustments are made at the end of the year. Based on review and aging of its accounts receivable at...
The operators manager at an electronics company believes that the time required for workers to build a circuit board is not necessarily proportional to the number of parts on the board. He wants to...
Past research has examined relationships between people's backgrounds and their personality. For example, Eysenck (1982) found a relationship between blood type and introversion, and Pellegrini...
Glass master Co. was incorporated in 1946 as Koolvent Metal Awning Company. Its current name was adopted in 1982 to reflect the more general nature of its products. The company is organized as two...
Walkenhorst Companys machining department prepared its 2010 budget based on the following data: Practical capacity .............40,000 units Machine hours per unit .......... 2 Variable factory...
A project is profitable if its IRR is less than its opportunity cost of capital. O True O False
Several AI winters, or rapid collapses in levels of economic and academic activity (and media interest) associated with AI, have occurred. Describe the causes of each collapse and of the boom in...
Leslie purchased 100 shares of GT stock on June 7th. Marti purchased 100 shares of GT stock on Monday, July 9th. GT declared a dividend on June 20th to shareholders of record on July 13th that is...
True or False. The time lag is important when measuring harmonic motion of frequency $\omega$.
A machine shop floor is subjected to the following vibration due to electric motors running at different speeds: \[x(t)=20 \sin 4 \pi t+10 \sin 8 \pi t+5 \sin 12 \pi t \mathrm{~mm}\] If a vibrometer...
Mean and standard deviations of $x(t)$ vary with $t$ a. Correlation functions in an experiment b. Nonstationary process c. Sample space of $x(t)$ at times $t_{1}, t_{2}, \ldots$ d. White...
Solve Problem 10.12 with a damping ratio of 0.75 . Data From Problem 10.12:- Determine the maximum percent error of an accelerometer in the frequency-ratio range \(0
Fill in the Blank. The Timoshenko beam theory can be considered as __________ beam theory.
Please help me with this problem. Thank you Problem 4-5A Financial statements LO6 MY Autobody's adjusted trial balance on December 31, 2020, appears in the work sheet as follows: No. Account Debit...
Compare and contrast licensing and subcontracting.
Franks Maintenance and Engineering, Inc., orally ordered steel tubing from C.A. Roberts Co. for use in the manufacture of motorcycle front fork tubes. Because these front fork tubes bear the bulk of...
Farley and Trudy enter into a written contract whereby Farley agrees to sell and Trudy agrees to buy six thousand bushels of wheat at $10.33 per bushel, deliverable at the rate of one thousand...
Shane Quadri, contacted Don Hoffman, an employee of Al J. Hoffman & Co. (Hoffman Agency), to procure car insurance. Later, Quadris car was stolen on October 25 or 26. Quadri contacted Hoffman, who...
You have been hired by a catalog company to computerize its sales order entry forms. Approximately 60 percent of all orders are received over the tele- phone, with the remainder either mailed or...
A well-designed system can prevent both intentional and unintentional alteration and destruction of data. These data controls can be classified as (1) input controls, (2) processing controls, and (3)...
Two years ago an external auditing firm supervised the programming of embedded audit modules for Previts Office Equipment Company. During the audit process this year, the external auditors requested...

Discuss the business judgment rule as stated in the provision of the Companies Act 2016. Support your

Question:

Expert Answer:

Answer Companies The bussiness judgement rule in the Act 2016 Se... View the full answer

Smith and Roberson Business Law

Students also viewed these general management questions