Director liability refers to the legal responsibility or accountability of individuals serving as directors of a company. It means that directors can be held personally liable for their actions or decisions that cause harm or result in a breach of legal obligations. This can include financial losses or legal consequences.
Full definition
Synonyms for individual words can be found below.
«director»
«liability»
Sentences with «director liability»
- LK Law offers a full spectrum of services, advising on such matters as incorporations, corporate records, amalgamations and reorganizations, shareholders agreements, partnership agreements, and mitigation of director liability issues. (lklaw.ca)
- We provide a full spectrum of services, advising on incorporations, corporate records, amalgamations and reorganizations, shareholders agreements, partnership agreements, and mitigation of director liability issues. (lklaw.ca)
- My favorite is number 7, «Keeping apprised of evolving standards for director liability.» (legalblogwatch.typepad.com)
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