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Directors' duties are a series of statutory, common law and equitable obligations owed primarily by members of the board of directors to the corporation that employs them. It is a central part of corporate law and corporate governance .
At least one director must be resident in Australia. The office of secretary is optional, but if appointed one must reside in Australia. A public company must have at least three directors (CA 2001, s 201H), of which at least two must be resident in Australia, [22] and at least one secretary, who must be resident in Australia. In the event of a ...
This is a list of notable fellows of the Australian Institute of Company Directors (AICD). Fellow is one of six categories of membership. It has the post nominal FAICD.
The duties imposed on directors are fiduciary duties, similar to those that the law imposes on those in similar positions of trust: agents and trustees. The duties apply to each director separately, while the powers apply to the board jointly. Also, the duties are owed to the company itself, and not to any other entity. [41]
Branches of the IoD appeared in the Australian states in the 1960s. These branches were amalgamated in January 1971 under the Institute of Directors in Australia, an autonomous body affiliated with the IoD in the United Kingdom. The challenge of servicing state branches saw the emergence of the Company Directors Association of Australia in 1982.
The Corporations Act 2001 is an Act of the Parliament of Australia, which sets out the laws dealing with business entities in Australia. The company is the Act's primary focus, but other entities, such as partnerships and managed investment schemes, are also regulated.
Australian Institute of Company Directors: Life Fellow FAICDlife Fellow: FAICD Graduate Member: GAICD Member: MAICD Australian Institute of Credit Management [23] [24] Certified Credit Executive: CCE Australian Institute of Health and Safety [25] Certified Occupational Health and Safety Practitioner COHSPrac Certified Occupational Health and ...
Pages in category "Corporate governance in Australia" The following 8 pages are in this category, out of 8 total. ... Australian Institute of Company Directors;