The stakeholder debate and directors' fiduciary duties

Esser, I.-M. and Du Plessis, J. (2007) The stakeholder debate and directors' fiduciary duties. South African Mercantile Law Journal, 19, pp. 346-363.

Abstract

It is usually said that a company is a legal entity separate from its management and shareholders and that the business and affairs of a company must be managed by or under the direction of its board. This implies various duties and responsibilities for directors. Directors' duties traditionally include onerous fiduciary duties and obligations of care, skill and diligence in terms of the common law, various statutory provisions in the Companies Act 61 of 1973 requiring certain things of directors or preventing them from doing certain things (see, eg, ss 221-227 and 234-246 of the Act), and possible duties imposed by the articles of association or even separate agreements between directors and their companies.

• Item Type: Articles
• Status: Published
• Refereed: Yes
• Glasgow Author(s) Enlighten ID: Esser, Professor Irene-Marie
• Authors: Esser, I.-M., and Du Plessis, J.
• College/School: College of Social Sciences > School of Law
• Journal Name: South African Mercantile Law Journal
• Publisher: Juta and Company Ltd.
• ISSN: 1015-0099
• ISSN (Online): 1996-2185