- 1 Marks
Question
The remedies for breach of fiduciary duties by a company director include the following EXCEPT
A. Accounting to the company for any gain made
B. Injunction
C. Action for negligence
D. Imprisonment
E. Removal from office
Answer
Answer: D
Explanation:
The correct answer is “D. Imprisonment.” A director’s breach of fiduciary duties generally results in civil remedies like accounting for profits, injunctions, and removal from office. Imprisonment is not typically a direct remedy for breach of fiduciary duties, as it pertains to criminal actions rather than civil breaches.
- Tags: Company Law, Fiduciary Duty
- Level: Level 1
- Topic: Company Law
- Series: MAY 2015
- Uploader: Joseph