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ARTICLE · 05 OCTOBER 2010

Tips for Directors facing Business Difficulties (28th July 2010)

Mason Hayes & Curran LLP
Mason Hayes & Curran LLP
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Mason Hayes & Curran LLP

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The rapid downturn in the economy means company directors are faced with new challenges, possibly on a greater scale and more complex than ever before.

IrelandCorporate/Commercial Law
Gerard Ryan
Gerard Ryan
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The rapid downturn in the economy means company directors are faced with new challenges, possibly on a greater scale and more complex than ever before. Directors are responsible for managing the affairs of a company, identifying risk and ensuring that there is a strategy and a system in place to deal with those risks.

Weak and inadequate management by the directors may contribute to a weak financial performance and can lead to damage to business reputation, adverse media attention and damage to the business itself.

The following are some tips to assist directors to properly discharge their duties and responsibilities and reduce the risks of restriction or disqualification as a director and personal liability.

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