Company has three directors, A who is only executive director, and B and C who are the non-executive directors. C is a qualified accountant. Both B and C signed blanks cheques at A request. A used the money acquired for her own purposes and has since absconded to South America. Can the company bring an action against either B and/or C in respect of the money stolen by A ?
* Companies Law
1 Answer from Attorneys
It is difficult if you say "company", because a company can only act through its executives.
If the shareholders appoint new directors, they can claim fraud against A, and negligence (bordering on accomplice ?) against B and C for signing blank cheques.
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