Directors Need to be Aware of Duties: Clarke
Directors need to be aware of their duties, responsibilities and potential liabilities when conducting business on behalf of their company.
This was one of the key messages from the Australian Institute of Company Directors (AICD) during the Directors’ Briefing on ‘Director Liabilities in Fiji’ at the Grand Pacific Hotel in Suva last night.
Fiji is now the second biggest international market for AICD, with 250 members.Singapore has the highest AICD members with New Zealand coming in third. Wylie Clarke the Principal of Suva law firm, Howards, who was the guest speaker last night, spoke on how directors need to ensure they are compliant and the duties they must undertake and comply with. There were more than 100 participants.
About the Fiji Directors Course
The Fiji Directors Course has been designed to provide participants with an understanding of the duties and responsibilities of a director, including those related to the Fiji Companies Act, 2015.
There are a number of director duties that attract both civil and criminal sanctions, including duty to act within powers, duty to exercise independent judgement and duty to avoid conflicts of interest.
Interactive workshop style sessions
Through interactive workshop style sessions and the use of relevant case studies, this course will provide a comprehensive overview of the main components of directorship: Governance, Finance, Strategy and risk - as they relate to the Fijian law.
The Fiji Directors Course which ends today consisted of three main sessions: governance for directors, Finance for Directors and Strategy and Risk for Directors