A director’s job brings with it huge responsibilities and stresses. However, as the director is the one in charge of the daily running and long term success of the company, his/her work is governed by a set of legal guidelines and industry best practices. In Hong Kong, every private limited company must have at least one director and the job profile is regulated according to the Companies Ordinance, the case law, the common law and also the resolutions passed by the shareholders.
It’s a tough job to handle and is made tougher by the fact that stepping out of legal boundaries can leave directors open to civil or criminal prosecution. Naturally, we assume that as a director, you already have ample legal and financial knowledge, but it’s always a good idea to brush up on the compliance-related features. So, do check out our full blog - Directors’ Duties in Hong Kong - to recap the main guiding principles.
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