Directors and officers liability

The personal liabilities which can be imposed upon directors and officers for both civil and criminal offences may arise in a number of circumstances.

In the Directors and officers Liability of the company are covered in terms of:

• Misuse of Corporate Funds
• Companies Act violations
• False statements to Government agencies
• Breach of Duty to minority shareholders
• Irregularities in securities issues
• Employment irregularities
• Misleading representations
• Inadequate supervision
• Financial Loss to Corporation
• Misuse of inside information
• Civil rights denial
• Imprudent expansion

Potential Claimants:

• Shareholders
• Employees
• Competitors
• Government
• Creditors
• Distributors