Video Tutorial: Duties of Directors of Non-profit Companies 20 Minutes (1.3 GB)

It is critical for directors of companies to have a good understanding of their legal and fiduciary duties. Firstly, directors are entrusted with the responsibility of making decisions that impact the company and its stakeholders. Secondly, directors have a fiduciary duty to act in the best interests of the company. Understanding these fiduciary duties enables directors to make informed decisions, exercise due diligence, and avoid conflicts of interest that could compromise the required standard of conduct. Also, directors' understanding of their legal and fiduciary obligations fosters transparency, accountability, and ethical conduct. Ultimately, a strong grasp of their legal and fiduciary duties empowers directors to fulfill their roles effectively, promoting the long-term success and sustainability of the company