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Company directors in Australia have a duty to act in the best interests of the company, avoid conflicts of interest, and exercise care and diligence.
1 year ago
I'm interested in understanding the duties and liabilities of company directors under Australian law.
2 answers from the community
Company directors in Australia have a duty to act in the best interests of the company, avoid conflicts of interest, and exercise care and diligence.
1 year ago
Directors can be held personally liable for breaches of their duties, and may face penalties including fines and disqualification from managing corporations.
1 year ago