Responsibilities Imposed on Directors
There are numerous and important legal responsibilities imposed on directors under the Corporations Act 2001 and other laws, including the general law. Of these duties, some of the most significant are: to act in good faith in the best interests of the company and for a proper purpose to exercise care and diligence to avoid conflicts between the interests …
What are the Advantages of Having a Company as Trustee of a Unit Trust?
Some of the advantages of using a corporate trustee include: Removal of the bulk of the risk of personal liability which is the worry individual trustees are exposed to (although the directors of a corporate trustee may be personally liable in certain circumstances). It is easier & cheaper to effect a change in control of …
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Company Director Responsibilities
Company Directors Being a director of the company requires an instilment of virtues and responsibilities in every endeavour that you will take. Aside from the willingness to perform the needed tasks with utmost priority and concern, you should also be able to comply with the legal obligations found under the Corporations Act of 2001 and …