US EditionDirectors’ duties: ignorance is no excuse! | Rix & Kay Solicitors LLP
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Directors’ duties: ignorance is no excuse! | Rix & Kay Solicitors LLP
Did you know that all directors are subject to duties? Directors of companies are subject to clear duties to their companies, under statutory company law but also under “common law” – i.e. the law as it has developed over centuries. A recent case has emphasised very clearly that those duties apply irrespective of whether or not the director in question is active in running the company. Moreover, being inactive as a director is – far from being a…
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