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Management Zone >Business law >Directors responsibilities
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05: Financial responsibilities

The Companies Act imposes a range of financial responsibilities on directors, including:

  • Company borrowings
  • Share issues and registration
  • Redemption and purchase of the company’s own shares
  • Financial assistance for the purchase of the company’s own shares
  • Dividend policy and identification of distributable profits.

Contents

  • 01: Introduction
  • 02: Are you a director?
  • 03: Common law and statutory duties of directors
  • 04: Accounting responsibilities
  • 05: Financial responsibilities
  • 06: Corporate governance
  • 07: Liability
  • 08: Responsibility under insolvency legislation
  • 09: Protective action
  • 10: Disqualification
  • 11: How we can help
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