Community · Legal Question

What are the legal responsibilities of company directors in Australia?

Answers from verified lawyers
Free to browse
Australian legal community
Q

I'm interested in understanding the duties and liabilities of company directors under Australian law.

Chile

Answers

2 answers from the community

A

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

A

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