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Title: Director's Duties
Contributor(s): Eburn, Michael E (author)
Publication Date: 1996
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Abstract: A company, at law, is a separate legal entity that is capable of suing and being sued. A company is run by a Board of Directors, it is those directors that must manage and take responsibility for that company, but they are not, themselves, the company. Because the company is a separate legal entity, it is owed duties by its directors and may sue the directors if they fail to adequately protect the companies interests. That may appear fanciful for when is the Board, as the management of the company, going to authorise the company to sue them? The answer may be that the Board will not, but in the event that the company is subject to being wound up, so that a receiver or other manager is appointed, it could be that the new management would seek to sue the old management for mistakes made.
Publication Type: Conference Publication
Conference Name: Legal and Insurance Issues for Community Health Workers Seminar, Port Macquarie, Australia, 1st July, 1996
Source of Publication: Presented at the Legal and Insurance Issues for Community Health Workers Seminar
Field of Research (FOR): 180199 Law not elsewhere classified
180109 Corporations and Associations Law
HERDC Category Description: E2 Non-Refereed Scholarly Conference Publication
Statistics to Oct 2018: Visitors: 56
Views: 56
Downloads: 0
Appears in Collections:Conference Publication

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