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⍰ ASK What are the legal responsibilities of directors in a Public Limited Company?

Directors in a Public Limited Company have big legal responsibilities. They must be loyal to the company and prioritize shareholders.

They need to make careful decisions, stay updated on the company and think about the longterm impact on employees and the community.

Directors also play a key role in accurate financial reporting. Handling conflicts of interest is important, requiring transparency. If directors dont meet these responsibilities, there can be legal consequences.
 

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