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ARTICLE · 11 FEBRUARY 2021

Checklist For The Director: What To Keep In Control

Control over the activities of the company, as a rule, is the main functional responsibility of the director

UkraineCorporate/Commercial Law

The involvement of the company head in all areas of the company may seem unnecessary at first, but controlling the main trigger points and applying a risk-based approach reduces the negative consequences for the company and the head himself to a minimum.

What should the director pay attention to to prevent "extinguishing the fire" here and now?

  • Daily monitoring of operating activities

Control over the activities of the company, as a rule, is the main functional responsibility of the director. But there are times when the company head relies too much on his deputies, and later it may turn out that the deputies are not entirely white-handed and acted illegally or implicated the company in some kind of illegal schemes. At the same time, the legislation of Ukraine establishes liability for company officials for committing crimes in the economic sphere. Do not neglect the responsibilities of the director and have an eye out for the activities of the company.

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