Board Effectiveness · SA
Director Duties and Personal Accountability — Personal Liability
Section 77 can move liability from the company to you personally. Learn how the Companies Act does it, and how a defensible record and good process keep you protected.
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Personal liability under the Companies Act reaches into your own estate.
This module unpacks sections 22, 76, 77, and 162, plus D&O insurance and the record that protects you. The governing-body duty is the same whether you sit on a company board, a board of trustees, a public-entity council or accounting authority, or a body corporate. Intermediate means we assume you already know what a board does. We start where the personal accountability starts: your own estate. [132/180 chars, PASS]. Promoted lead line, shown large above the body.
What's inside
4 learning units
01Director Liability Under the Companies Act: s.22, s.76, and s.77 UnpackedVideoQuiz
02Delinquency and Probation: What They Are and When They ApplyVideoQuiz
03Directors and Officers Liability Insurance: What It Covers and What It Does NotVideoQuiz
04Protecting Yourself as a Director: Building a Defensible Decision RecordVideoQuiz
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