On 10 September, an article from ParrisWhittaker is concerned with a recent High Court case in England, which it says is a useful illustration of what happens when directors take their eye off the ball.  It shows that a director who delegates a particular function to another is not absolved from his own duties as a director in respect of those functions.  In the case, the judge didn’t think the director involved was dishonest – instead he had acted naively and, in some respects, negligently.  It is said that the case demonstrates that directors can’t afford to adopt a passive approach to fulfilling their duties, as individual directors can face legal claims and judicial sanction even in the absence of any wrongdoing on their part.

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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