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I need help creating a thesis and an outline on Law. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required.
I need help creating a thesis and an outline on Law. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. With the existing emphasis on corporate social responsibility, traditional common law notions had to be revised with a codification by the Companies Act Review. The codification of the Companies Act focused on 9 main sections, which define the duties that the directors owe to their companies. The first codification is section 171, which requires the directors to act within their powers in association with the company. Section 172 sets out the duty of the directors to promote the success of the company in a way that benefits the shareholders of the company. Section 173 requires the directors to exercise independent judgment in their actions and decisions, while section 174 of the codified version of the Companies Act requires the directors to exercise reasonable care, skill and diligence in actions regarding the company. Section 175 requires the directors to avoid conflict of interest, where the methods or authorizing such conflicts have to be sanctioned by either board or shareholder approval. Section 176 requires the directors not to accept benefits from any third parties, especially if the benefits could lead to conflict of interest with the company’s articles.