Summary
More than half of directors could become personally liable for their company's debts, risking personal bankruptcy in the event of insolvency, law firm Browne Jacobson claimed today.
A survey of 220 senior decision makers, contained in its Sleepless Report, found many directors unaware of basic aspects of company law.See the full content of this document
Extract
Directors at Risk Over Debts by Their Firms
The majority were found wanting in three crucial areas - insolvency, limited liability and debt.
A total of 52 per cent of directors were ignor...See the full content of this document
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