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.

1 year ago

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

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