The board of directors of a company is primarily an oversight board. It oversees the management of the company to ensure that the interest of non-controlling shareholders is protected. It also functions as an advisory board.[1] This paper is divided into two parts. The first part of the paper talks about the corporate governance provisions […]
HOWARD SMITH LTD. v. AMPOL PETROLEUM LTD. AND OTHERS PRIVY COUNCIL 14 FEBRUARY 1974 [1974] 2 W.L.R. 689 – [1974] A.C. 821 FACTS: There was a dispute between two companies to take over RW Millers. Both Howard Smith and Ampol held shares in this company. Ampol and Bulkships together held 55% in Millers. The directors […]
