In a UK case the court made some pertinent remarks about the personal liability of a director:

  1. A director is not liable for the wrongdoing of her/his company merely by reason of being a director.
  2. The director is liable for wrongs personally carried out by her/him.
  3. A director is also liable where she or he

A breach of fiduciary duty by a director should never be taken lightly. The consequences can be expensive when a director prefers their interests over those of their company.

A stock brokerage successfully sued its former managing director for damages based on the MD’s breach of fiduciary duty and abuse of his position of trust.