Directors of a company carry a wide range of responsibilities and owe numerous duties to the company they direct. These duties include acting in the best interests of the company and avoiding any personal conflicts of interest to the best interests of the company. These duties are contained in the Corporations Act 2001 as well as many other pieces of Commonwealth and State legislation. One of the most important duties is to prevent the company from trading whilst insolvent. Hutchinson Legal can provide advice to Directors to ensure they are aware of and understand their duties, and also assist Directors to implement processes by which the Directors comply with their legal obligations.
