Part B CCP Practice Questions - Singapore Bar Examinations Part B - Corporate And Commercial Practice Exam

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A director has a personal interest in a contract being considered by the board. Under the Companies Act, the director must:

Resign from the board immediately Declare the nature of the interest at a board meeting Buy out the other directors Do nothing, because directors owe no duty on personal contracts

Correct Answer:

Declare the nature of the interest at a board meeting

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