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Anglo-Iranian Oil Company (Directors' Obligations)

Volume 527: debated on Monday 17 May 1954

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asked the Chancellor of the Exchequer the duties and responsibilities of the directors appointed by Her Majesty's Government to the board of the Anglo-Iranian Oil Company.

In addition to the ordinary functions of company directors, they have a general obligation to report on all matters, financial or general, which they consider should be referred to, or brought to the notice of, Her Majesty's Government.