Insights

Duties of Directors

The standard of directors’ conduct

The Companies Act codifies the standard of directors’ conduct. The standard sets the bar high for directors, with personal liability where the company suffers loss or damage as a result of the director’s conduct not meeting the prescribed standard. This document discusses the duties of directors.

Duties of Directors

It is important to take note of the provisions of the Companies Act that relate to directors and prescribed officers, and to ensure that all directors and prescribed officers are aware of the implication and potential consequences of non-compliance with the Act.

Did you find this useful?