In a UK case the court made some pertinent remarks about the personal liability of a director:
Pension Funds need to ensure that they comply with their new obligations because the Financial Services Laws General Amendment Act came in to operation on 28 February 2014.
All the amendments to the Pension Funds Act with the exception of the amendments to sections 5(a) and 31 will need to be complied with from the
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.