CygerScene V I-Kiosk

Question 1

CyberScene v I-Kiosk. Issue?

Answer 1

Breach of Fiduciary Duty

Question 2

CyberScene V I-Kiosk court held?

Answer 2

Held that a director clearly acts in breach of his fiduciary duty to the company where they sabotage the companys contractual opportunities for his own advantage and uses confidential information to advance interests of rivals and his own business to the prejudice of his own company.

Question 3

CyberScene V I-Kiosk. Legeslations

Answer 3

Section 76(3)

Question 4

Section 76 (3)

Answer 4

Provides that a director must exercise the powers and perform the functions of a director:
a) in good faith
b) in the best interest of the company
C) degree of care, skill and diligence.

Question 5

CyberScene V I-Kiosk summary

Answer 5

The Directors of CyberScene made a presentation to the city for the marketing of a product that was exactly the same as CyberScene’s product. They did this on their own account and not on behalf of the company.