July 23, 2015
If you are a small business company director or thinking about a company structure for your business you need to be aware of the responsibilities of company directors. There are numerous and important legal responsibilities imposed on directors under the Corporations Act 2001 and other laws, including general law. These apply to directors of all companies no matter what their size.
To assist small business owners to understand their role and responsibilities as company directors, ASIC has released a new online resource ASIC Guide for Small Business Directors. ASIC Commissioner Greg Tanzer said, ‘Whether you’re a current director of a small business, or newly appointed, it’s important to understand what’s expected of you.’ Read more →