54.2 Who may sue?

The Companies Act 2006 makes it clear that a director owes the general duties to the company and it therefore follows that only the company can enforce them1. This replicates the position under the previous law, which again made it clear that the fiduciary relationship between the director and the company gave rise to obligations which were owed by the director to the company and to the company alone. It follows from this principle that the shareholders in the company (irrespective of the extent of their shareholding in the company), the creditors, and even

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