{"id":9050,"date":"2015-11-03T15:49:23","date_gmt":"2015-11-03T13:49:23","guid":{"rendered":"https:\/\/stbb.co.za\/dev2\/?p=9050"},"modified":"2020-03-09T15:51:31","modified_gmt":"2020-03-09T13:51:31","slug":"thought-of-the-week-know-what-is-expected-of-you-as-director","status":"publish","type":"post","link":"https:\/\/stbb.co.za\/dev2\/thought-of-the-week-know-what-is-expected-of-you-as-director\/","title":{"rendered":"Thought of the Week | Know what is expected of you as director?"},"content":{"rendered":"<p>Directors\u2019 duties are partially codified in the Companies Act. A director is liable to the company for any loss, damages or costs, if he\/she:<\/p>\n<ul>\n<li>acted in the name of the company without authority;<\/li>\n<li>acquiesced in carrying on of the company\u2019s business despite knowing that it was being conducted recklessly;<\/li>\n<li>had been a party to a fraudulent act or omission by the company; or<\/li>\n<li>had been a party to publishing false and\/ or misleading financial statements<\/li>\n<li>at a meeting failed to vote against certain matters.<\/li>\n<\/ul>\n<p>Consult with our <a href=\"mailto:info@stbb.co.za?subject=Re+STBB+Thought+of+the+week+%7C+Know+what+is+expected+of+you+as+Director?\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color: #e66a21;\">Commercial Law Team<\/span><\/a> for advice in all aspects relating to the management of the affairs of a company where you serve as director.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Directors\u2019 duties are partially codified in the Companies Act. A director is liable to the company for any loss, damages or costs, if he\/she: acted in the name of the company without authority; acquiesced in carrying on of the company\u2019s<\/p>\n","protected":false},"author":56,"featured_media":3165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[110],"tags":[],"class_list":["post-9050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-thought-of-the-week"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Thought of the Week | Know what is expected of you as director? 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