Description

What every director must know to govern prudently

This webinar will provide a plain English explanation of the core directors duties and obligations under the Companies Act 1993 (ss 131-138 and ss 139-145).

Recent, relevant cases are covered – good refresher.

A breach of duties and obligations can constitute a criminal offence, imposing criminal liability on directors personally as well as on the company. It is highly recommended that directors, society officers and trustees be aware of the duties and obligations in the Companies Act for which they may be held accountable.

Note: although legal concepts with illustrative cases and obligations are discussed, this session is aimed at SME directors and as a refresher and update to their governance advisors (legal and financial).

ORIGINAL BROADCAST DATE

12 March 2024

LEARNING OUTCOMES

Attendees will gain an understanding of:

• Who directors are fiduciaries to and what fiduciary duties directors owe
• Duties in the Act that directors are specifically charged with complying with
• What constitutes reckless trading, the duty of care, and misuse of company information?
• Under what circumstances can a director rely on employees’, professional advisors’ and other directors’ advice?
• Handling conflicts and self-interests
• Checklists to assess whether you/your board are complying
• Recent and relevant cases that guide the courts

SUITED TO

Current and aspiring directors, trustees, governors, society officers; accountants, acting company secretaries, and professional legal advisors to SME boards.

PRESENTER

Dr Karen Martyn, Governance Advisor, DocMartyn Ltd.