Your decisions as a company director matter

When you make a business decision as a company director, you must, amongst other things, ensure that you:

• make the decision in good faith and for a proper purpose.

• do not have a material personal interest in the decision and make it in the best interests of the company.

• find out and assess how any decision will affect your company’s business performance, especially if it involves a lot of the company’s money or could have a material impact on the company's reputation.

• keep informed about your company’s financial position and performance, ensuring your company can pay its debts on time.

• get trusted professional advice when you need assistance to make an informed decision.

• make full and frank disclosure about any material personal interests you do have.

There are penalties and consequences – including civil penalties, compensation proceedings and criminal charges – if you, as a company director, fail to comply with your obligations under law.

Source: https://asic.gov.au/for-business/small-business/starting-a-company/small-business-company-directors/

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What we'll do together with you:

• Apply Simple as PQRST And U: Your recipe for adding value by making decisions and taking action

• Improve the quality of the decisions you make as a director.

• Increase the confidence of others in your decisions as a director.

• Make decisions. Take action. Add value.

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Your value is the sum of the decisions you make and the actions you take

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