Landmark case · Company Law · Semester 3
Percival v. Wright
[1902] 2 Ch 421 · Chancery
Directors’ fiduciary duties are owed to the company, not individual shareholders (classic view).
From topic
Appointment, duties and independent directors — Unit IV, Company Law.
Related sections:
- Companies Act, 2013, 149 — Company to have Board of Directors
- Companies Act, 2013, 166 — Duties of directors
- Companies Act, 2013, 135 — Corporate social responsibility