DOCSLIB.ORG

(Hnferd Ca WB (Comihunitywiilhohor Cranford Council No

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
(Hnferd Ca WB (Comihunitywiilhohor Cranford Council No • "f .. • i1: XXXV. No. 16 CRAfffORD. N. J.. THURSDAY. MAY 26. 1932 FIVE CENTS Reytfcu Junior Order Will Mark 100 Gain Be Earned Washington Bicentennial (hnferd ca WB (ComihunitYWiilHohor Cranford Council No. «3. Jr. a U. A* M. wUI celebrate the Washington Bi- Ifl Campaign centennial Saturday evening In the Municipal Committee Organ- council rooms, The Union County Past Peggy Cruikahank Tops Still Wanted in Big Drive for tor . izct, Urges September Pri- Councilors' Association will be guests. Class Initiation wlll.be staged, two of Cream of Winners nt Kens- mary and Pledges Support the class to be enrolled In the local Parade and Exercises Will. Feature Observance of Memorial council. ..Chair oncers of Orneral ington Junior Club Meet, Dafly on Every Dollar Collected- for Candidate*. '.„.. ,. Day. All Organixations Urged to Participate in Kearny Council No. Ml will perform Which Attracts Many. —Four C*& Priiet Offered. the work of the first. a.np;,,£econd de- Program Starting at 8:45 A. M. Tuesday night the memben of the grees, while the uniformed ' team of Republican County Committee from William Parker Council. No. 185 of Pat Peggy Cruikshank won the champion, the several election district* of Crsn- erson will perform the third, or pa ship at the Kensington Junior Riding With'a (Kiraili" "f allMar ut«'r.in«. cyu -. .it tin* Worlii War OI Va ll le nf their s ford met »t the Republican Club rooms trloUc degree. Club meet last Saturday afternoon In Memorial at Ilio corner ol I'ntiii an*! Sjiruiiihi'M * time- ^ r> to organise'as the Republican Munici- 'mtcs am! a I't'rnthniial • "- ? - - ^e the ring of the Kensington Riding •iii-Kiirvifw Onu'lrry; the «4iiiimmtt "ill pu way a circulation » i»»» BettinR.un.ler pal Committee at r«4uln<t tor law. A short parade will start at the coun- Academy. She took, first prise In tht ii- ti-piil'. Monilay. cil rooms st 7:90 p, m. and will precede .Vcinorial Hay, l<» llucc utiti ),MU' their Ihcx i', earn ^ ,1Iuncy ««l "Pl»nu-i«,\«o James E. Warner of the Pint Election keen competition at the winners of all ; I In- .\'.ili"ti in War. District was re-elected. Chairman and the regular meeting. Memben are "urg- (Iran and second* In the various classes Final |>laiw TttrMlit* rlay will U piailf at a mertMi; ed to be present, gathering at 1-p. m. i»t (In- r\liiuiiri^l. I *av of.-pai tin. Elmer E. Dey of the Fourth DU. previously decided. Deity Pints of I'miimilln'iimiylit in tlw Ti>wn>lii|i Ki.«ini». ' xurcs we largest numljer trlct was elected Secretary: The next regular meeting, and election of.-paintf s discredits on subscriptions is going to,earri extra pay at the rate of'officers will take place June l«. Elizabeth was second Ui the champion- AU civic ami fraternal 'ori^mi,/al.i'Mi> art-' i/tviic*«I' t<i j*ai'iii'ijtaio in of around §11)0 ]>er week for the next five' i*eeks. The .person who Wesley A. Stanger of |he Seventh ship'class. X. tlu* (Kirnilc. -Music will l« furinSlml.-liy tin- l-'i«l»i' I'M-I I!iii;!j'..in<l llrnin pml lijghest in. the District presented several resolutions - ratfinishese of arounsecpmdl lijghes$7& |K.t T in.week. the. <rampaij!n will<tie paid extra money at the Mlss'Crullcshahk placed'In every class VorpM anil liy Krankt'rlK'rjjiif-s ItatMr AVtiraiul MaiOial. :>( I fir |>.ir;nk\ which were'unanimously approved as she entered. .jShe won thrrtjlrst phici's, 1 -. ratBue to thf earoun best dpar $7&t abou |K.tT th weee campaigk n : Mayor. I Iciir^'e A. -I.lit* invited all rx-^'rvic*' nirii in jirtrtH-ijiaif hi the [follows: ' ,. " V ,. ; r Is the fact that cverybodx. taking p«j$ Memorial Day ~"vo seconds, one third and one fourth. |i:iraili-'aiicl rxcrrincs''.u'lirllirr " »"' ll»>" haver uniform- I^initrl (, ,.^B«.,it resolved ,by. lb«.Crawford•Re- About SOU. attend«trihe-meet? which 1 ••• will be -pata ''Sbtne^KgT'lffieK'iyiU' be publican Municipal Committee that this ,,<r».c!eU. ah entrance of•-.abjoi airman,-"'' the'lim"oi •t^H^'etimffwf^r-mw^ff'' W, ;\\;iiu-feicc, -no losers. All will be pald'ateordlng to Tf tlip (jfnpfal diiiiiiiitiiS1 .in i!iaC),*r <•(.-tlir* «l;i\ > «• \t-ri-i*.<'N will organisation go on record-as favoring Juniors,* mostly from Cranford. WlnV 1 what they accomplish. Every worker mce a change in the date of the primary ners of first prtues w»re_^glven_cisi» I* assM.iin nlarsiials. _?•'•' . r _ •- -1 -•• ... - '• • •*-' ' ri -from~Mar K>~Beptamber. aaoQhat" plnsTfiilf llril^"»mr?lni«"r iWig- i"~""» * uTe U»» " \**m fitf (hft nt of 26 per cent cash oh every Adopted Final Reading copy of this resolution be forwarded to -Treasurer—Requests All~to trement by the Kensington Riding radi, as annuuni:4Ml. by Mayur LuU, subscription, taken to this newspaper. the Union County Republican Com- Help in-Raising Money to Club, with Miss Marion Robbie of Plaln- Association in-conjunction-with Mr. Arnuld:. The campaign is a short one, not a long. mittee and to each of the members of fleld. making presentations for the AnunWagm and Lineal Mwrh • drawn out affair, and the earlier one Amendment to Supplemental the Lower Rouse of the State Legisla- Make Planned Program Seniors: Judging was done by Mrs. A Karh oronlullon will dnlgnal* IU 'gets into it the better his or her chance ture at Trenton representing 4hls couri- Possible. E. Mettlach of Ptnwood and Ouy Dates ; of winning one of the big prizes at the Sewer Ordinance Provides ill Boild Shacks [sldn. who nil! n-port u. the ty_and_thaL_*_fiopy_also_be-jent-to oL PJalnlleld.—Edward Kuenstler - was nlul or —end^oftheHiriver^ ~7. " —for Readjustment Between Charles E. Lolseau. nominee for State ring steward. / an ftoun a* Uto ' PH baa nwlml IU point of aaona- All that is asked of those who wish Municipalities in the Agree- Senator from this county." Maraljail M: Thomas, treasurer of the Barbara Wallace of Cranford was Trustees Vote to Erect Permu to earn extra cash In their spare time "Be It revolved that the Cranford Re- Memorial Day ^Committee, has ah My. I dioaM b* In pU<« py 1:4* a, as. awarded first prbie In the beglhnen' -rient Buildings to Houst The llrtt dlvbaon «III awmbli m .....iS—to.. take.an order book and canvass ment Permanent Bond Or- publican Municipal Committee .go on nounced a pleasing response to Its ap-dam, walk and trot only. Second was or solicit subscriptions to this news- record as favoring the nomination of peal for funds with which to defray Campers to Be Readyvfor C1w*ta«l ilnrl, Wnt of Walnat ave- paper among tlieir friends anri, acquain- taken by Telfalr Kaltenbacb/of Cran- na*. raring. eiuL' It will Include po- - dinances^Aiso Adopted on Heitert Hoover-fo^_«»_»r thwe.-^««» prestfleney^oWaf^it I the expense of the Memoriai Pay ex>hfora, lhjrd_bjr Betty glmiwtiri oLCnuu tances, pne may use-hls or her own lerefflesr—:•-. -—^ ~^~~ Opening Next Month. • r ! lie* f>r«n, (rand nmnhal and tab aa- "time and. methods and is not required Tinal ReadinR the United states st the National Re nford and fourth by Adelaide Water- ranbm o'f the Tmrnahla ••v • • publican Convention, im, that a copy "The manner In which returns halve house of Cranford. In the horseman- -toTSDltpie himselTor herseirin any been coming in, Mr. Thomas states, has rUi rod rife an4 Dnaa way whatever. '• • - of this resolution'be forwarded to the ship, competition for children rourteen t Two cabins or shacks, 'capabte oi At the meeting or the Township Com- Unkm County. Republican Committee, led the committee to believe sufficient years and under, Wllla Blake of Madi- housing' about forty boy* will be erected . Each subscription- will earn a cer- •mlttee Tuesday night the Ordinance to' Uu «M .f.r««» Statei»fi>" Republicano~«i—' funds will be received to carry out theson was declared best. Second beat went at once at Cranford Camp vn mtm . of uaravU; focthe mwi tain number of points or credits, ac- amending ,.-th. e —„Supplementa- l -"—iCommlteJoint e and to eachof the deles program as planned. In reaching this 4I>WOQ wU» be an <TM»tnat, Ksst of Trunk turner n*n~mJ& •:-— hf th d Lake In Warren -County, an<( ••W gaBa{»p^K*»..sdQpit4fa*»d'»««»tBate^^ ,.— a, .« wjvyMuu* being rt'gaFror occupancy when the first con- r page of this issue of the paper. v convention es chosen by the people at upon contributions yet-to be received Jean Morrison of Cranford, tingent arrives June 34, I,n addition to wUI be: John W. TppTrlpp, , UrU War Vet- The four finishing with the four high- filed. ThU. amending ordinance will the recent prlmsry." from those who" Intend to lend their m>; FUu nww, , Vrlrraiu of Foratga be adopted by each of the nine munici- Marie Lawrence or Cranford won thethe cabins, there will be trie usual num- Wars: bulln- est point totals will win the four prizes. "BeJtresolved b> the Crsnford Re- support, but have thus far delayed ber of (enU raised over permanent plat- AuaUlary la tbe rt*e palities In the Trunk Sewer agreement. Going lo Jerusalem contest, In which roM: C-ranford PoMU , Aiwrican Leglaa Here is a list of the prizes: publican Municipal Committee that the .sending in their checks. Contributions Dick Waterhouse was'runner-up. In forms so that alt boy's desiring to take Pint Prize—«5oe-ln'paste ~r« • It provides for a readjuament.'.of usage candidates chosen at the recent Repub- should be made to Marshall M.
Load more

Recommended publications
  • The Duty of UK Company Directors to Consider Relevant ESG Factors
    The Duty of UK Company Directors to Consider Relevant ESG Factors Disclaimer This memorandum is not legal advice and should not be relied upon as such. Neither the PRI Association nor Debevoise & Plimpton, nor any of their respective agents, partners or employees, takes any responsibility for any action taken or not taken on the basis of anything contained in this memorandum. Specific legal advice should always be sought. This memorandum, which is based upon the law as at August 2019, is deliberately abbreviated and summary in nature. Unless expressly stated otherwise, the opinions, recommendations, findings, interpretations and conclusions expressed in this report are those of the various contributors to the report and do not necessarily represent the views of PRI Association or the signatories to the Principles for Responsible Investment. Any recommendations or summaries made by the PRI Association based on the content of this memorandum should not be taken to have been endorsed by Debevoise & Plimpton. Debevoise & Plimpton Debevoise & Plimpton LLP is a premier law firm with market-leading practices and a global perspective. Approximately 700 lawyers work in nine offices across three continents, within integrated global practices, serving clients around the world. The Debevoise Private Equity Group is a genuine market leader and has helped shape the industry for decades. More than 200 lawyers work within the Group in Debevoise offices around the world, making it one of the few truly global private equity practices. The team works hand-in-hand with our Business Integrity Group, designing and integrating solutions to complex corporate responsibility challenges. We work with in-house counsel, sustainability leaders and compliance departments to provide guidance on emerging integrity standards.
    [Show full text]
  • SUMMARY Introduction the Fiduciary Position of Directors to Whom Do Directors Owe T
    14 Directors’ duties <start feature> SUMMARY Introduction The fiduciary position of directors To whom do directors owe their duties? The general duties of directors: CA 2006, Part 10 Remedies Accessory liability Relief from liability <end feature> Introduction 14.1 In this chapter we consider the duties which a director owes to the company. In Chapter 13 we explained that directors are fiduciaries and so much of the case law on their duties is founded on principles originating from the law of trusts and agency. We also saw that the early part of the 20th century marked a significant shift in the way the judges viewed the office of director. In tandem with this development the courts adopted a stricter approach towards the standard of care and skill expected of directors in the performance of their management roles. A concern of both equity and common law courts was to develop a corpus of rules designed to prevent directors abusing their considerable powers. The policy objective is based on prophylaxis and the result is a formidable body of reported decisions in which the judges have been developing the contours of directors’ liabilities. In addition to the work of the courts, legislation has also imposed a range of duties, devised principally as reactive measures against specific abuses by directors, particularly in relation to fraudulent asset stripping. Confronted with this considerable body of law, it came as little surprise that the Company Law Review (CLR), in line with its objectives of maximising clarity and accessibility, recommended that the duties of directors should be codified by way of a 1 statutory restatement.
    [Show full text]
  • CCAR Journal the Reform Jewish Quarterly
    CCAR Journal The Reform Jewish Quarterly Halachah and Reform Judaism Contents FROM THE EDITOR At the Gates — ohrgJc: The Redemption of Halachah . 1 A. Brian Stoller, Guest Editor ARTICLES HALACHIC THEORY What Do We Mean When We Say, “We Are Not Halachic”? . 9 Leon A. Morris Halachah in Reform Theology from Leo Baeck to Eugene B . Borowitz: Authority, Autonomy, and Covenantal Commandments . 17 Rachel Sabath Beit-Halachmi The CCAR Responsa Committee: A History . 40 Joan S. Friedman Reform Halachah and the Claim of Authority: From Theory to Practice and Back Again . 54 Mark Washofsky Is a Reform Shulchan Aruch Possible? . 74 Alona Lisitsa An Evolving Israeli Reform Judaism: The Roles of Halachah and Civil Religion as Seen in the Writings of the Israel Movement for Progressive Judaism . 92 David Ellenson and Michael Rosen Aggadic Judaism . 113 Edwin Goldberg Spring 2020 i CONTENTS Talmudic Aggadah: Illustrations, Warnings, and Counterarguments to Halachah . 120 Amy Scheinerman Halachah for Hedgehogs: Legal Interpretivism and Reform Philosophy of Halachah . 140 Benjamin C. M. Gurin The Halachic Canon as Literature: Reading for Jewish Ideas and Values . 155 Alyssa M. Gray APPLIED HALACHAH Communal Halachic Decision-Making . 174 Erica Asch Growing More Than Vegetables: A Case Study in the Use of CCAR Responsa in Planting the Tri-Faith Community Garden . 186 Deana Sussman Berezin Yoga as a Jewish Worship Practice: Chukat Hagoyim or Spiritual Innovation? . 200 Liz P. G. Hirsch and Yael Rapport Nursing in Shul: A Halachically Informed Perspective . 208 Michal Loving Can We Say Mourner’s Kaddish in Cases of Miscarriage, Stillbirth, and Nefel? . 215 Jeremy R.
    [Show full text]
  • Directors Duties and Liabilities Under Cayman Islands Law Article
    October 2012 Company Directors: Duties and Liability in Cayman Islands Law For further information Duties and liabilities of directors of companies in the Cayman Islands are on any of the issues discussed in determined by legislation in the Companies Law (Revised) and by the this article please contact: Common Law from which precedents are established. Some of the Common Law principles are incorporated in statute and legal precedents evolve over time as new cases are tried before the Grand Court, Court of Appeal and the Privy Council. Statutory Duties of Company Directors The Companies Law (2011 Revision) lists the duties and requirements of company directors: • To maintain a register of company members with their names and addresses and in the case of a company having its capital divided Lorcan Tiernan DD: + 353 (0)1 673 1736 into shares, a statement of the shares held by each member, at the [email protected] registered office of the company in the Cayman Islands. (This provision does not apply to the register of exempted companies which can be kept at any location). • To maintain a register of directors. The Registrar of Companies shall be notified of any change in directors or officers within 30 days. Failure to comply with the notification gives rise to a penalty of CI$10 for every day during which the default continues. The penalty applies to every director and manager who knowingly and willfully authorises or permits such default. • A register of mortgages and charges over company assets must be kept at the registered office of the company.
    [Show full text]
  • Limited Liability: a Pathway for Corporate Recklessness?
    LIMITED LIABILITY: A PATHWAY FOR CORPORATE RECKLESSNESS? Igho Lordson Dabor PhD SEPTEMBER 2016 LIMITED LIABILITY: A PATHWAY FOR CORPORATE RECKLESSNESS? By Igho Lordson Dabor A thesis submitted in partial fulfilment of the requirement of the University of Wolverhampton for the degree of Doctor of Philosophy September, 2016 Faculty of Social Sciences University of Wolverhampton Law School This work or any part therefore has not previously been presented in any form to the University or any other body whether for the purposes of assessment, publication or for any other purposes (unless otherwise indicated). Save for any express acknowledgements, references and/or bibliographies cited in the work, I confirm that the intellectual content of this work is the result of my own efforts and of no other person. The right of Igho Lordson Dabor to be identified as author of this work is asserted in accordance with ss.77 and 78 of the Copyright, Design and Patents Act 1988. At this date, the author owns copyright. Signature: …………………………………………… Igho Lordson Dabor Date: …………………………………………………. Dedication DEDICATION I dedicate this work first of all to the Almighty God, creator of heaven and earth, who has been my rock, my strength, and my salvation and to my lovely wife Mrs Adefolawe Yetunde Dabor and our lovely and wonderful children Joshua Omoyode Dabor, and Esther Avwerosuoghene Dabor. Dedication i Acknowledgement ACKNOWLEDGEMENT I extend my gratitude to the almighty God who gave me the grace, and ability to complete this work. I also extend my gratitude to all in the University Of Wolverhampton Law School who provided a fantastic environment in which to work and learn.
    [Show full text]
  • Diasporas, Development and Peacemaking in the Horn of Africa Edited by Liisa Laakso and Petri Hautaniemi
    This PDF is made available under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) Licence. Further details regarding permitted usage can be found at http:// creativecommons.org/licenses/by-nc-nd/4.0/ Print and ebook editions of this work are available to purchase from Zed Books (www.zedbooks.co.uk). A frica Now Africa Now is published by Zed Books in association with the inter­ nationally respected Nordic Africa Institute. Featuring high­quality, cutting­edge research from leading academics, the series addresses the big issues confronting Africa today. Accessible but in­depth, and wide­ranging in its scope, Africa Now engages with the critical political, economic, sociological and development debates affecting the continent, shedding new light on pressing concerns. Nordic Africa Institute The Nordic Africa Institute (Nordiska Afrikainstitutet) is a centre for research, documentation and information on modern Africa. Based in Uppsala, Sweden, the Institute is dedicated to providing timely, critical and alternative research and analysis of Africa and to co­operation with African researchers. As a hub and a meeting place for a growing field of research and analysis, the Institute strives to put knowledge of African issues within reach of scholars, policy makers, politicians, media, students and the general public. The Institute is financed jointly by the Nordic countries (Denmark, Finland, Iceland, Norway and Sweden). www.nai.uu.se Forthcoming titles Margaret C. Lee (ed.), Africa’s World Trade Godwin Murunga, Duncan Okello and Anders Sjögren (eds), Kenya: The Struggle for a New Constitutional Order Thiven Reddy, South Africa: Beyond Apartheid and Liberal Democracy Lisa Åkesson and Maria Eriksson Baaz (eds), Africa’s Return Migrants Titles already published Fantu Cheru and Cyril Obi (eds), The Rise of China and India in Africa Ilda Lindell (ed.), Africa’s Informal Workers Iman Hashim and Dorte Thorsen, Child Migration in Africa Prosper B.
    [Show full text]
  • The Multifaceted Commodification Processes and Transformations of Pastoralists in Lowland Ethiopia
    The Multifaceted Commodification Processes and Transformations of Pastoralists in Lowland Ethiopia by Olivia Pearson A Cumulative Dissertation in Geography Faculty of Applied Computer Sciences University of Augsburg Germany June 2017 First Referee (Supervisor): Prof. Dr. Matthias Schmidt Second Referee: apl. Prof. Dr. Karin Thieme Date of oral examination: 05/10/2017 i The Multifaceted Commodification Processes and Transformations of Pastoralists in Lowland Ethiopia Vorgelegt von Olivia Pearson Kumulative Dissertation Fachgebiet: Geographie Fakultät für Angewandte Informatik der Universität Augsburg Deutschland Juni, 2017 Erstgutachter (Betreuer): Prof. Dr. Matthias Schmidt Zweitgutachterin: apl. Prof. Dr. Karin Thieme Datum der mündlichen Prüfung: 05.10.2017 Page | ii TABLE OF CONTENTS Table of Contents .............................................................................................................. i List of Figures .......................................................................................................................... iii List of Tables ........................................................................................................................... iii Acronyms and Glossary ........................................................................................................... iv Acknowledgements .................................................................................................................. v Executive Summary ...............................................................................................................
    [Show full text]
  • J. David Bleich SURVEY of RECENT HALAKHIC
    J. David Bleich SURVEY OF RECENT HALAKHIC LITERATURE VALIDITY OF DNA EVIDENCE FOR HALAKHIC PURPOSES (PART 2): AGUNAH Evidentiary Standards ewish law posits two fundamental principles regarding marriage: (1) A woman lacks capacity to contract a polyandrous marriage; (2) a J marriage can be terminated, and the wife’s capacity to contract a new marriage restored, only upon death of her husband or divorce. A woman known to have been married retains the status of a married woman until there is halakhically cognizable evidence of termination of the mar- riage. Agonizing situations of igun arise in which a woman is “chained” in a marriage in the sense that she is the bereft of the privileges and the prerogatives of marriage but is not free to seek another consort. The most tragic cases of igun are those in which the husband is presumed to be dead but there is no satisfactory proof that death has actually occurred. The wife is left an agunah, i.e., “a chained woman,” ensnared by marital bonds but bereft of consortium with her partner. The problem became the focus of renewed attention in the aftermath of the destruction of the Twin Towers of the World Trade Center on September 11, 2001, in which a large number of bodies were incinerated or were no longer identifi able. Ostensibly, biblical law would apply the two-witness rule and permit remarriage only on the basis of the testimony of two qualifi ed witnesses who testify to personal knowledge of the husband’s death. In practice, rabbinic enactments sanction remarriage upon the testimony of a single witness, hearsay testimony or some limited forms of circumstantial evi- dence.
    [Show full text]
  • Directors' Duties and Responsibilities in Singapore (February 2021)
    1.1. CONTENTS 1. INTRODUCTION ....................................................................................................................... 1 2. DIRECTORS’ ROLE .................................................................................................................. 1 3. DIRECTORS DEFINED ............................................................................................................. 2 3.1. Identifying the Directors of a Corporation ..................................................................... 2 3.2. Executive Directors ....................................................................................................... 2 3.3. De facto Directors ......................................................................................................... 3 3.4. Alternate or Substitute Directors ................................................................................... 4 3.5. Additional Directors ....................................................................................................... 4 3.6. Associate Directors ....................................................................................................... 4 3.7. Shadow Directors ......................................................................................................... 4 3.8. Non-executive Directors ............................................................................................... 5 3.9. Independent Directors .................................................................................................
    [Show full text]
  • Introduction What Is a Director?
    Duties and role of a non-executive director from a legal standpoint John Young Senior Partner and Head of Financial Institutions Group Lovells 18 October 2005 Introduction The amazing case of the Marquis of Bute and the Cardiff Savings Bank [1892] 2Ch 100: Directors duties are a product of common law Like the rest of the common law, like it or not, they evolve What is a director? Not defined in the Companies Acts! Includes any person occupying the position of a director, by whatever name called Note also the concept of shadow director 1 What is a director? Jessel MR in Re Forest of Dean (1879) 10Ch 451, 453 It does not much matter what you call them as long as you understand what their true position is, which is that they are really commercial men managing a trading concern for the benefit of themselves and all the other shareholders in it What s coming up Fiduciary duties of directors Standard of care applicable to fiduciary duties Proposals for statutory reform The special role of non-executive directors The impact of contract and statute - parallel legal status Fiduciary duties (1) Nineteenth-century confusion Directors had really only recently been invented Agents? Trustees? Managing partners? 2 Fiduciary duties (2) Twentieth-century certainty Duty of good faith Duty not to exceed powers Duty to act for proper purposes Duty to avoid conflicts of interest Duty not to make a personal profit All apply equally to executive and non-executive directors Fiduciary duties (3) Good faith: Re Smith and Fawcett Limited [1942] Ch 304, 306 It is the duty of the directors of a company to exercise the powers conferred upon them bona fide in what they consider - not what a court may consider - is in the interests of the company Fiduciary duties (4) Good faith in whose interests? Reference to interests of the company usually equates to interests of present shareholders, though creditors interests will be paramount if solvency in doubt.
    [Show full text]
  • Front Matter
    Cambridge University Press 978-1-107-09233-4 — The Foundations of Anglo-American Corporate Fiduciary Law David Kershaw Frontmatter More Information THE FOUNDATIONS OF ANGLO-AMERICAN CORPORATE FIDUCIARY LAW This book explores the foundations and evolution of modern corporate fiduciary law in the United States and the United Kingdom. Today US and UK fiduciary law provide very different approaches to the regulation of directorial behaviour. However, as the book shows, the law in both jurisdictions borrowed from the same sources in eighteenth- and nineteenth-century English fiduciary and commercial law. The book identifies the shared legal foundations and authorities and explores the drivers of corporate fiduciary law’s contemporary divergence. In so doing it challenges the prevailing accounts of corporate legal change and stability in the US and the UK. David Kershaw is Professor of Law at the London School of Economics and Political Science. He holds an LL.B. from the University of Warwick, and an LL.M. and an S.J.D. from Harvard Law School. Prior to entering academic life he practiced corporate law in both London and New York. He is the author of multiple articles on corporate law, takeover law and accounting and audit regulation. He is the author of Company Law in Context (2012) and Principles of Takeover Regulation (2016). © in this web service Cambridge University Press www.cambridge.org Cambridge University Press 978-1-107-09233-4 — The Foundations of Anglo-American Corporate Fiduciary Law David Kershaw Frontmatter More Information international corporate law and financial market regulation Corporate law and financial market regulation have major implications for how the modern economy is organized and regulated, and for how risk is managed and distributed – domestically, regionally and internationally.
    [Show full text]
  • Explaining Financial Scandals: Corporate Governance, Structured Finance and the Enlightened Sovereign Control Paradigm
    Explaining Financial Scandals: Corporate Governance, Structured Finance and the Enlightened Sovereign Control Paradigm A thesis submitted to the University of Manchester for the degree of Doctor of Philosophy in the Faculty of Humanities Vincenzo Bavoso School of Law Date 30/06/2012 1 Table of contents Title page Table of contents Table of cases Table of statutes List of charts List of abbreviations Abstract Declaration Copyright statement Statement Dedication Acknowledgment Chapter 1 – Introduction 1.1 Research background...........................................................................................18 1.2 Current status of the research...............................................................................20 1.3 Aim of the research..............................................................................................24 1.4 Methodology........................................................................................................27 1.5 Structure of the thesis...........................................................................................28 Part I – The Theory Chapter 2 – Providing a theoretical background to financial scandals 2.1 Introduction..........................................................................................................30 2.2 Identifying the corporate governance themes.......................................................31 2.2.1 Corporate governance classifications....................................................32 2.2.2 The historical development of the corporate
    [Show full text]