When Will Company Directors and Managers Be Found Criminally Liable

question 11

Multiple Choice

When will company directors and managers be found criminally liable for breach of duties imposed by the Corporations Act 2001 (Cth) ?

• A)If they fail to act in good faith and in the best interests of the company.
• B)If the breach is recklessly or intentionally dishonest.
• C)There is no criminal liability for breach of duties under the Act.
• D)If it is a civil penalty provision.

---

Definitions:

Interest

The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.

Payments

Regular amounts of money paid by one party to another, often in exchange for goods, services, or to fulfill a legal obligation.

Ordinary Annuity

Harmony of equal contributions at the end of each cycle for a particular duration.

Expressed

Clearly stated, articulated, or otherwise made known in explicit terms.