Leadership & Strategic Risk
Directors' Duty of Care and Litigation Risk: What You Need to Know
Australian directors have a duty to exercise reasonable care and diligence. Unmonitored litigation risk in a company's debtor portfolio may breach that duty. Here's what directors need to know.
Directors' Duty of Care and Litigation Risk: What You Need to Know
Australian directors have a duty to exercise reasonable care and diligence. Unmonitored litigation risk in a company's debtor portfolio may breach that duty. Here's what directors need to know.
Most due diligence treats the entity and director as separate risks. A director's personal financial history, failed ventures, and enforcement actions ARE the counterparty risk.
The Director's Duty of Care Under Australian Law Under the Corporations Act 2001 (Cth), company directors have a duty to exercise reasonable care and.
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