Director Delinquency Declarations: Managing Your Risk
“Knowledge is power.” (Sir Francis Bacon) Being a company director carries not only rewards but also risks that you need to manage carefully. In particular, you are held by the Companies Act to a high standard of conduct. Breaching any of your many duties and responsibilities can have significant negative consequences. Among these is being […]
What Can You do When a Director Deadlock is Killing Your Company?
Occasional disagreements are inevitable in all relationships, but when they spiral out of control to the extent that the directors of a company go to war with each other, the resulting deadlock can make it impossible for the company to continue operating. How can you avoid that happening to your company, and what should you […]
Directors: Here’s How to Avoid Being Sued for Company Debts
“To be prepared is half the victory.” (Miguel de Cervantes, author of Don Quixote) Perhaps you’re a director losing sleep over the risk of losing everything if creditors sue you personally for your company’s debts because you’re asset-rich, and they can’t squeeze anything out of the company. Or maybe you worry about the company itself […]