THE LIABILITY OF DIRECTORS WHEN MAKING DECISIONS ON BEHALF OF A COMPANY

When running a business there are going to be times where the directors in charge will have to make difficult decisions and take risks in order to either save the company or to seal a big deal and gain financially, the notion of “risk for reward”. As a director, one would be required to make […]

WHO MAY BE APPOINTED AS DIRECTOR?

Certain people are not eligible to be appointed as directors of a company. In this article we look at who is disqualified from being a director as well as the effects of the actions of such persons while still acting as director. A company must not knowingly permit an ineligible or disqualified person to serve […]

Review of Directors’ Decisions

In the previous article regarding “informal” decisions by directors, we considered what acts or decisions may be considered as informal decisions by directors. The precedents established by the courts were discussed, which precedents are considered regarding the enforce-ability of these “consents” and the validity of informal decisions by directors. Directors of homeowners’ associations have been […]