Directors' Duties In Guernsey

Lawyers from our corporate practice have drafted this note, which provides a brief synopsis of the common law duties owed by directors of companies incorporated in the Island of Guernsey.

This note begins by summarising the common law duties owed by directors, before moving on to address the question of to whom such duties are owed. It then pauses to consider who can enforce a breach of directors' duties and to analyse the potential liabilities of directors to third parties, before finishing with a brief explanation of how the risks faced by directors can be mitigated.

Summary

• What common law duties do directors owe?
• The duty to act in good faith
  
  
  • the duty
  • breach