3 ms·
UK companies act hundreds of summary criminal offenses covering all aspects of corporate responsibility for any director. A 1977 case precedent established in
by Cullinet 5y ago
UK companies act hundreds of summary criminal offenses covering all aspects of corporate responsibility for any director.
A 1977 case precedent established in the event that a director relies upon the advice of a accountant for making company directions, he or she will be liable to be banned from holding a directorship for life. The appeal failed. This is because the only essential role of a director is to be themselves a competent assessor of the company affairs.
If you can't knobble the board of a UK limited liability company for letting go their own primary competitive asset (the more important consideration for the law designed to govern the behaviour of directors in fulfilling two goals : justify public indemnity to the extent of any shares they own in the company in the event of collapse ; and do their job without prejudice to the shareholders or the crown treasurer to pay negligence.
Summary criminal charges are convicted on bringing proof and a judge not being shown disproof. Criminal intent doesn't come into it.