Incidental profits - Renumeration from a third party - Indirect renumeration
4 important questions on Incidental profits - Renumeration from a third party - Indirect renumeration
What happens when a trustee who is also employed by another firm is given a commission for introducing new businesses but the trustee suggests his firm? Does the trustee have to account for any profit to the beneficiaries?
Can a trustee - holding shares in a business - who was voted as director by a vote of 100% of the shareholders keep his director salary? What is the main authority? What happens if the trustee used the shares of the trust?
Can a trustee who is voted as a director by a 55% majority comprising the votes attached to the trust shares and of the trustee's own shares?
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Can a trustee who was a director of a company before becoming a trustee of the trust keep his salary?
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