An organisation’s management must satisfy a range of directors duties in the performance of their role. These duties represent management’s responsibility to act in the best interest of an organisation, while also considering the interests of its stakeholders. A failure to appropriately consider directors duties can have significant personal consequences.
In this article, we will explore the concept of directors duties, and understand how they contribute to the risks faced by an organisation and its management.
Contents
1 Directors duties: A definition
2 What is the role of management?
3 What is a director?
4 The responsibilities of the board
5 What is a corporate officer?
6 The importance of effective corporate governance
7 How does board of directors liability arise?
8 The common types of liability
9 What are the consequences of a claim?
10 Protecting individuals with a directors indemnification agreement
11 Insurance as a last line of defence
12 Conclusion
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