This guide sets out the role and responsibilities of corporate directors.

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The Ultimate Guide to Directors' Duties

If you are a company director, complying with directors' duties are core to adhering to corporate governance laws. Whether you are the sole director of a startup or you sit on the board of an ASX-listed company, you must comply with legal duties if you are a director.

This guide will help you understand the directors' duties that apply to you within the Australian corporate law framework, namely:

  • the role and the core duties of company directors;
  • the importance of record-keeping and preparing reports;
  • how to manage risk, should a breach occur.

Failing to understand the extent of your duties as a director can result in severe consequences, so it’s important you take steps to understand your obligations to the company, shareholders and creditors.

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