Et tu, Brute?

Following on from my last post (RBS - Gloves off in the boardroom) - Sir Fred Goodwin of RBS appears set to depart the bank to be replaced by somebody who is currently a non-executive on the board. 

As this once mighty banking Caesar ponders his fate it is worth noting that boardroom disputes are only tangentially troubled by notions of fair play.  A director who is dismissed by a cabal of his fellow directors may claim compensation in relation to his loss of employment or if he is a shareholder bring a claim for unfair prejudice but there is no general duty of good faith as between directors themselves.

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