Course 4.1 Director Liability & Wrongful Trading: Managing Board Risk скачать в хорошем качестве

Course 4.1 Director Liability & Wrongful Trading: Managing Board Risk

As a company director, limited liability protects shareholders — but it does not always protect you. In this module of The Essential Directorship Masterclass, I examine director exposure to risk, including personal liability, wrongful trading, and the governance disciplines that protect both the company and the board. Many directors underestimate how quickly financial difficulty can escalate into personal exposure. Understanding the “point of no return” — and acting decisively — is not optional. It is a core board responsibility. In this video, I cover: • The limits of limited liability and when directors may be personally exposed • How wrongful trading arises and the consequences for individual directors • The importance of seeking professional advice at the first signs of distress • Why properly constituted board meetings, clear agendas, accurate minutes, and documented decisions are your first line of defence • Practical questions every board should ask about risk appetite and professional indemnity insurance This session is designed for current directors, aspiring non-executive directors, and governance professionals who want to strengthen their risk oversight and protect themselves through disciplined board practice. Sound governance is not theoretical — it is your protection when things go wrong. Further Resources Learn more about developing your board and leadership effectiveness at https://threeticks.com/directors-brief — including Directors’ Brief for weekly insights on governance, leadership, and boardroom practice, personal assessments to review your current effectiveness, and one-to-one coaching to help you achieve your career goals.