eing appointed a company director has just become hazardous, not because it has not always been a hazard but because the high court has just made absolutely clear that company directorship – especially of a State-Owned Enterprise – is a serious affair and not a joy ride.
If you’re straight, you’re okay. If not, well …
The judgment raises a number of important matters of law with which both prospective and serving directors, on the one hand, and those who appoint them, on the other, must of necessity acquaint themselves.
This paper discusses these matters and offers some insight on some matters of legal practice.