People who are invited to join the board of a company frequently jump at the chance without really knowing what they are letting themselves in for. It is the aim of this book to given any existing would-be directors a clear indication of the perils to which that position might expose them. The duties which the law imposes on directors are not to be assumed lightly or in ignorance. Company law contains many pitfalls for the unwary, and directors who fall foul of its provisions stand to lose large amounts of their own money as well as facing the prospect of a criminal prosecution. Leaving it to others to run the company is not necessarily an excuse if they break the law, because as a director, one could be equally responsible. There is another side to the coin too. Shareholders who vote to put someone on the board rarely realise how little real control they may have over his subsequent actions. Unscrupulous directors can lead the company astray, and improvident ones can ruin it very quickly without the shareholders either being aware of what is going on, or being able to put the brakes on if they do know.
People who are invited to join the board of a company frequently jump at the chance without really knowing what they are letting themselves in for. It is the aim of this book to given any existing would-be directors a clear indication of the perils to which that position might expose them. The duties which the law imposes on directors are not to be assumed lightly or in ignorance. Company law contains many pitfalls for the unwary, and directors who fall foul of its provisions stand to lose large amounts of their own money as well as facing the prospect of a criminal prosecution. Leaving it to others to run the company is not necessarily an excuse if they break the law, because as a director, one could be equally responsible. There is another side to the coin too. Shareholders who vote to put someone on the board rarely realise how little real control they may have over his subsequent actions. Unscrupulous directors can lead the company astray, and improvident ones can ruin it very quickly without the shareholders either being aware of what is going on, or being able to put the brakes on if they do know.
Sprache
Verlagsort
Verlagsgruppe
Zielgruppe
Für höhere Schule und Studium
Für Beruf und Forschung
ISBN-13
978-0-632-02149-9 (9780632021499)
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Schweitzer Klassifikation
Autor*in
Solicitor, and Lecturer in Law, University of Exeter, Devon
The position of directors; the role of directors and their statutory duties; the duties of care and skill; directors' fiduciary duties; directors as insiders; financial transactions involving directors; liability in insolvency; the criminal law and disqualification; directors and takeovers; the perils to the company and its shareholders; the dismissal of directors; actions against directors.
