小编导读：各位考生，如果您在学习中遇到任何疑问，请登录高顿部落ACCA论坛，随时与广大考生朋友们一起互动交流！
进入论坛>> <1> Legal rights: fees and expenses, remuneration and compensation
<2> Legal responsibilities: fiduciary duty
a. Duty of care: reasonable skill and competence, attend broad meeting, act honestly in the best interest of the company
b. Indemnify the company against loss caused by their negligence
<3> Conflict and disclosure of interests
a. The fiduciary duty of directors is to act in the best interest of shareholders. Conflict of interest is breach the duty. So directors have a duty to avoid a conflict of interest.
(a) Retain their freedom of action and not fetter their discretion
(b) Avoid a conflict of duty and personal interest
(c) Do not obtain any personal advantage from their position without the consent of the company
b. The types of remedy if breach of duty
(a) Account for a personal gain
(b) The contract may be terminated or rescinded by company
(c) Unlawful declared by court
c. Full disclosure: the company’s act states that companies are required, in the form of notes in the annual accounts, to disclose any material information concerning transactions involved by directors.
<4> Time-limited appointments:
a. A fixed period (constitution, service contacts, roles)
b. Directors should retire from board on 65-70 and no re-election
c. Higgs report: NEDs should normally serve two three years, if longer, explain the reason and face evaluation
<5> Service contracts
a. Terms and conditions of directors’ appointment
b. Available for shareholder inspection
<6> Retirement by rotation
a. Directors retire from the board and seek re-election once every three years
b. Regular opportunity for shareholders to vote directors out of office
<7> Departure from office – ways/reasons
a. Resignation (written notice may be required)
b. Not offering himself for re-election when his term of office ends
c. Death
d. Dissolution of the company
e. Being removed from office
f. Being disqualified (by virtue of company’s constitution or by the court or government action)
<8> Insider dealing/trading
a. A criminal offence to use inside information for personal interests
b. An abuse of directors’ role as agents
高顿网校温馨提醒
各位考生，2015年ACCA备考已经开始，为了方便各位学员能更加系统地掌握考试大纲的重点知识，帮助大家充分备考，体验实战，高顿网校开通了全免费的
ACCA题库（包括精题真题和全真模考系统），题库里附有详细的答案解析，学员可以通过多种题型加强练习。
戳这里进入ACCA免费题库>>>
写评论
