About this document
Understanding Company Promoters and Duties by raymondryan003 is a document available to read on EtoBox.
A promoter is an individual or corporation responsible for forming a company and taking necessary steps to initiate it, but does not include mere agents or servants. Promoters have fiduciary duties, including the obligation to avoid secret profits and fully disclose any earnings. Remedies available to the company against promoters for breaches of these duties include rescission, recovery of secret profits, and damages.
- Author
- raymondryan003
- Language
- EN