Regulations around being a Director in Australia are pretty clear -- "The director must act in good faith, in the best interests of the company and for a proper purpose. This duty demands more than a general sense of honesty, it requires directors to exercise independent judgment in light of relevant facts, materials and other views when assessing the best interests of the company.Importantly, a breach of this duty that involves fraud, dishonesty and even recklessness may attract criminal penalties. "
Regulations around being a Director in Australia are pretty...
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