What are the legal responsibilities of company directors in Australia?

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

Category: Corporate Law
Location: Chile

Answers

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.

11 months ago

Directors can be held personally liable for breaches of their duties, and may face penalties including fines and disqualification from managing corporations.

11 months ago

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