CORPORATE GOVERNANCE

This study Material is Prepared by

Dr. Pradip Kumar Das, Associate Professor,
Department of Law and Governance,
CUSB,
for the students
 MODULE-II:
THE BOARD OF DIRECTORS AND BOARD
COMMITTEES-IX
DELEGATION & RELIANCE:

❑The obligation of directors and officers to exercise care, skill and

diligence in the performance of their duties is one of the cornerstones of
the regulation of corporate governance. As such, the balance drawn
between the need to encourage directors to advance the business of the
company through entrepreneurial decision-making within the modern
corporate enterprise and the need to ensure that the interests of
shareholders are adequately protected through the exercise of care is of
profound significance.
 MODULE-II:
THE BOARD OF DIRECTORS AND BOARD
COMMITTEES-VII
CASE LAWS:
1. In Re city equitable fire insurance co.[(1925)ch.407];

2. AWA Ltd. Vs. Daniels t/a Deloitte Haskins & Sells, (1992)7 ACSR 759;

3. Daniels vs. Anderson(1995)16ACSR607;

4. Statewide Tobacco Services Ltd. Vs. Morley(1990)8ACLC 827.

 MODULE-II:
THE BOARD OF DIRECTORS AND BOARD
COMMITTEES-VII

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