Dara Calleary (Mayo, Fianna Fail) | Oireachtas source

Subsection (3) states:

Without prejudice to the director’s duty under subsection (1)(a) to act in good faith in what the director considers to be the interests of the company, a director of a company may have regard to the interests of a particular member of the company in the following circumstances.

Subsection (4) states:

Those circumstances are where the director has been appointed or nominated for appointment by that member, being a member who has an entitlement to so appoint or nominate under the company’s constitution or a shareholders’ agreement.

Is there a vagueness around that knowledge that could be used to defend inappropriate behaviour on the part of a director in the interests of a friend or family member?