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Free Legal Advice Philippines » GENERAL PRINCIPLES, UPDATES » LEGAL MATTERS, GEN PRINCIPLES, DOCTRINES, UPDATES » Commercial Law » Corporation Code » Doctrine of Corporate Opportunity

Doctrine of Corporate Opportunity

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1 Doctrine of Corporate Opportunity Sun Oct 05, 2008 3:09 pm

corpo

Arresto Menor

Posts : 20
Join date : 05/10/2008

Doctrine of Corporate Opportunity - a director is made to account to his corporation, gains and profits from transactions entered into by him/another competing corporation in which he has substantial interest, which should have been a transaction undertaken by the corporation. This s a breach of fiduciary relationship.

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Free Legal Advice Philippines » GENERAL PRINCIPLES, UPDATES » LEGAL MATTERS, GEN PRINCIPLES, DOCTRINES, UPDATES » Commercial Law » Corporation Code » Doctrine of Corporate Opportunity

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