Part C
Question 1
1. Malcolm asks for legal advice.
There are many issues that Malcolm needs to look at due to his conduct as a director of Comtech. Directors of public companies have many statutory and general law duties that they need to be aware of. With statute law, the duties of directors are very specific and they are required to act with reasonable care and diligence. They are required to act in good faith, in the best interests of the company and their actions need to be for a proper purpose. They also have a duty not to continue trading if winding up. …
