Whatever may be the correct analysis of a company director's status, it is generally accepted that his duties, whether fiduciary or common law, are owed to the company. The reasons why this is considered appropriate, and indeed commercially desirable, are manifold. From the conceptual point of view probably the most important is to do with the doctrine of corporate personality. Directors, as directors, owe their duties to their corporate principal and no one else. Of course logically the fact that one owes a duty to another does not prevent that duty being owed to a third party. The simple rule, that directors as directors owe their duties to the company, is reflected in a number of other rules, such as the so called rule in Foss v. Harbottle. In recent years the courts have been prepared to lift the corporate veil and disregard the fictional independent entity where justice so requires.