The court was asked as to the duties of a company director: ‘It does not seem to me open to question that the directors of a company occupy a fiduciary position towards the company, with the result that they cannot retain a benefit they have obtained by an agreement with the company unless they have made full disclosure of all material facts known to them.’
Judges:
Greer LJ, Lawrence LJ
Citations:
[1931] 1 KB 557
Jurisdiction:
England and Wales
Cited by:
Appeal from – Bell v Lever Brothers Ltd HL 15-Dec-1931
Contract – Mutual Mistake Test
Bell was director and chairman of Niger, a subsidiary of Lever Brothers Ltd who dismissed him, offering and paying pounds 30,000 compensation. Lever then discovered that Mr Bell had made secret profits at the expense of Niger for which he could have . .
Lists of cited by and citing cases may be incomplete.
Company, Contract
Updated: 12 September 2022; Ref: scu.215863
