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13/02/19
15:57
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From the ASIC website.
Readers, and I mean all readers, can draw their own conclusions regarding the Flinders board.
What you need to do as a director
As a director or officeholder, your key duties include:
- being honest and careful in all your dealings
- understanding what your company is doing
- making sure your company can pay its debts on time
- ensuring your company keeps proper financial records
- acting in the company's best interests, even if this conflicts with your personal interests
- using any information only for the good of the company. Using information to gain an unfair advantage for yourself or others could be a crime.
If you have any personal interests that conflict with your duties as a director, you should disclose these at a directors' meeting.
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