State laws govern the internal workings of those companies, including the duties of directors and managers.

"The duties of directors and officers of a company are generally owed to the company only," Accenture said.

There has also been extensive debate about the Court's obiter comment on the duties of directors:

The duty of directors to produce a Directors' Report once a year is found in the Companies Act 2006 section 415.

This section examines the current law relating to the duty of directors to devote adequate attention to the company's affairs and to carry out their functions competently.

The precise content of the duty of non-executive directors is, however, obscure.

The Companies Act 2006 sets out the statutory duties of directors.

Exclusivity periods can raise issues concerning the fiduciary duties of directors.

It is the duty of directors, not shareholders, to manage the company.

Taken as a whole, the duties of directors are onerous.