May
9,
2023
|
Directors’ duties govern the relationship between directors, the company, and shareholders and creditors when in financial difficulty.
The fundamental principle governing directors’ responsibilities is that directors must comply with the Corporations Act 2001 (Cth) as well as a myriad of other legislation and common law principles.
Rule 1 and this is the most important rule –There is no such thing as a silent director!
A non-active, non-executive director carries as much liability as any other active or executive direc...