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picture1_Companies Act 2016 Pdf 162040 | Covid 19 Directors’ Duties And Personal Liability 20200428


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File: Companies Act 2016 Pdf 162040 | Covid 19 Directors’ Duties And Personal Liability 20200428
covid 19 directors duties and personal liability for insolvent trading by mong chung seng chia oh sheng and amelia loh the covid 19 pandemic has caused significant disruptions to businesses ...

icon picture PDF Filetype PDF | Posted on 22 Jan 2023 | 3 years ago
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...Covid directors duties and personal liability for insolvent trading by mong chung seng chia oh sheng amelia loh the pandemic has caused significant disruptions to businesses their cash flow with some pushed brink of insolvency a company should be aware potential if continues trade while it is these may also apply officers primarily responsible management overview director owes various statutory fiduciary including exercise his power in accordance companies act proper purpose good faith best interest b reasonable care skill diligence knowledge experience which reasonably expected having same responsibilities any additional he c keep accounting other records sufficiently explain transactions financial position enable true fair profit loss accounts balance sheets documents required attached thereto prepared d manner as them conveniently properly audited e case public implement system internal control that will provide assurance i assets are safeguarded against from unauthorised use or dis...

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