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Understanding De Facto Directors and Parent Company Liability: Lessons from Recent Case Law
Understanding De Facto Directors and Parent Company Liability: Lessons from Recent Case Law
Level
Intermediate
Duration
3 minutes
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Recent High Court case serves as a reminder of the risk of being found liable.
This online course delves into the implications of the Aston case, offering a comprehensive analysis of the concept of de facto directors, their duties, and the broader implications for parent company directors and individuals involved in corporate decision-making.
Learning Outcomes
Learning Outcomes
By the end of this course, you should be able to:
• Define what a de facto director is in the context of corporate governance
• Explain the potential risks parent company directors face in being deemed de facto directors of subsidiaries
• Understand the key factors that courts consider when determining if an individual can be considered a de facto director
