Korona is the managing director of COVID Ltd, a company listed on the stock exchange. He comes across information of the purchase of certain machinery in his capacity as a director. Instead of availing the information to the company, he diverts it to DB (Pty) Ltd, a company which he fully owns. The company enters into an agreement for the purchase of the machinery. The chairperson of COVID Ltd has found out what Korona has done. He comes to you for advice. Advice the Chairperson of COVID Ltd on the legal position.
Korona is the managing director of COVID Ltd, a company listed on the stock exchange. He comes across information of the purchase of certain machinery in his capacity as a director. Instead of availing the information to the company, he diverts it to DB (Pty) Ltd, a company which he fully owns. The company enters into an agreement for the purchase of the machinery. The chairperson of COVID Ltd has found out what Korona has done. He comes to you for advice. Advice the Chairperson of COVID Ltd on the legal position.
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Korona is the managing director of COVID Ltd, a company listed on the stock exchange. He
comes across information of the purchase of certain machinery in his capacity as a director.
Instead of availing the information to the company, he diverts it to DB (Pty) Ltd, a company
which he fully owns. The company enters into an agreement for the purchase of the machinery.
The chairperson of COVID Ltd has found out what Korona has done. He comes to you for
advice.
Advice the Chairperson of COVID Ltd on the legal position.
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