Getting to grips with Liquidation

Tags: Accounting, Business leaders, Payroll Reading Time: 4 minutes Earlier this month, we discussed the business rescue process and the circumstances when this would be appropriate for a business in a position of financial distress. In the case of a company unable to...

Directors fiduciary duties explained

Tags: Compliance, Personal liability Reading Time: 8 minutes Directors could be subject to criminal sanctions like fines, jail time, and even disqualification from serving as a director in future, if they have failed to perform their duties. However, these duties and...

What are the fiduciary duties of directors?

Tags: Common law, directors, fiduciary Reading Time: 5 minutes In terms of the common law, the fiduciary duties of directors require that a director acts in good faith and in the best interests of the company. This includes: without limitation avoiding conflicts of...