LIABILITIES OF DIRECTORS (ESSAY)
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What are the liabilities of directors? Answer. Daily management of a corporation is delegated to the directors by its stockholders. Directors are firstly appointed by the shareholders also can ge ... nerally themselves appoint further directors up to any limit set through the articles of association.Directors hold the office of trust starting where requires a duty to perform truthfully. Directors have responsibility to performance with honesty meanwhile they hold a fiduciary point of trust. They would be believed liable for a straying from liabilities if that has concluded into scams and losses. Directors Generally responsible for any criminal liabilities. A director would avoid conflict of interest. A director would not get involved in such a situation anywhere conflict can arise in his own interest also the business’s interest. In any such kind of condition rises, priority would be set to the corporation’s interest over his own interest. [Show More]
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