Question
Can a director be forgiven for a breach of a statutory duty? Which one of the following is correct? a. A director may claim that
Can a director be forgiven for a breach of a statutory duty? Which one of the following is correct?
a. A director may claim that 'not much harm' occurred, so that there was no real offence and that they should be forgiven for that breach.
b. Only the company itself can forgive a director after a hearing into a breach.
c. Under s1318 a default or breach can be forgiven where the director can demonstrate they acted honestly and did not commit a crime.
d. Offences under the Corporations Act are so serious that directors are not permitted any forgiveness if a breach is committed.
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