Fiduciary Duties

... But the report by the Business, Energy and Industrial Strategy Committee says the use of such finance and the way Mr Gupta structured his businesses was questionable, concluding: Ministers should reflect on the systemic risks to the UK steel industry posed by such unusual corporate structures as those used by GFG AllianceMr Gupta put senior members of his staff in an " unacceptable position" by not giving them the required access to information or decision-making powers needed to perform their rolesThe regulatory authorities should undertake an investigation into King & King, the auditors of a number of GFG Alliance businessesThe Insolvency Service should consider whether Mr Gupta has breached his Fiduciary Duties as a company director...