TY - BOOK AU - Watts,Peter TI - Directors' powers and duties SN - 9781927227985 U1 - 346.9306642 23 PY - 2015/// CY - Wellington PB - LexisNexis NZ Limited KW - Directors of corporations KW - Legal status, laws, etc KW - New Zealand KW - Corporation law N1 - Previous edition published 2009; Includes bibliographical references and index; 1; Scope of the book --; 2; Directors - definitions and status --; 3; The division of powers between directors and shareholders --; 4; The mechanics of the exercise of directorial powers --; 5; Directors' duties - sources and beneficiaries --; 6; Duty to act in the best interests of the company --; 7; Liability for profiting --; 8; Conflicts of interests --; 9; The duties of care, diligence and skill and of compliance with the Act and constitution --; 10; Insolvency and directors' duties --; 11; Duties owed to shareholders and the duty to act for a proper purpose --; 12; Ratification of directors' breaches of duty --; 13; Directors' liability to third parties in tort, contract and equity ER -