According to CA s 190(2), directors will not be held liable for harm caused to the company
Question:
According to CA s 190(2), directors will not be held liable for harm caused to the company by a delegate if the directors hired the delegated person in good faith, plus made proper inquiries and so forth. Why then were the directors in tAccording to CA s 190(2), directors will not be held liable for harm caused to the company by a delegate if the directors hired the delegated person in good faith, plus made proper inquiries and so forth. Why then were the directors in the cases of ASIC v Healey and Daniels v AWA Ltd found guilty of breaching CA s 190(1) despite doing everything demanded by s 190(2)?he cases of ASIC v Healey and Daniels v AWA Ltd found guilty of breaching CA s 190(1) despite doing everything demanded by s 190(2)?
Managers and the Legal Environment Strategies for the 21st Century
ISBN: 978-0324582048
6th Edition
Authors: Constance E Bagley, Diane W Savage