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1) Explain the legal and regulatory aspects of board management and good practices. * Separate legal personality * Corporate liability * Duties: * Duty to Act in Good Faith and for Proper Purpose s132(1) * Hogg v Cramphorn Ltd [1967] Ch 254 – TB * Multi-Pak Singapore Pte Ltd v Intraco Ltd [1994] 2 SLR 282 * Creanovate Pte Ltd and another v Firstlink Energy Pte Ltd and another appeal [2007] 4 SLR(R) 780 * Bishopsgate Investment Management Ltd v Maxwell (No 2) [1993] BCLC 814 * Discharge of the Duty to Exercise Reasonable Care and Skill s132(1) * Lim Weng Kee v PP [2002] 4 SLR 327 * Dorchester Finance Co Ltd v Stebbing [1989] BCLC 498 * Duty to seek shareholders’ approval s132E&s132G * Restrictions * Conflicts of Interests * Cook v. Deeks [1916] 1 AC 554: [1916-17] ALL ER Rep 285 - TB * Allen v Hyatt (1914) 30 TLR 444 * Avel Consultants Sdn Bhd & Anor v Mohamed Zain Yusof & Ors s [1950-1985] MSCLC 150 * Misuse of Insider Information or Opportunities s132(2) * Fine Industrial Commodities Ltd v. Powling (1954) 71 RPC 253 * Restriction from Taking Loans s133 * Ciro Citterio Menswear plc v Thakrar [2002] 2 All ER 717 - TB * Tait Consibee (Oxford) Ltd v Tait [1997] 2 BCLC 349 * Civil and Criminal Liabilities of Directors

2) Cases illustrating companies have collapsed due to poor management. I. The Satyam Computer Services scandal was a corporate scandal that occurred in India in 2009 where Chairman Ramalinga Raju confessed that the company's accounts had been falsified. II. Centro Properties Group directors breached their directors’ duties in failing to accurately disclose the company’s liabilities to shareholders in the 2007 financial report. 1.

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