Print this pageTrust Me I Know What I’m Doing
20 August 2009
Sandra Braithwaite, an associate with Harkness Henry, reminds directors that they have a duty to be actively involved in the governance of their company.
A recent High Court decision, Mason & Anor as Liquidators of Global Print Strategies Ltd (In Liq) v Lewis and Lewis found two directors liable to pay compensation of $1.26 million to their company. Mr and Mrs Lewis, the directors concerned, acted honestly and in good faith – so what went wrong?
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Article ID#:198
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