Answered

Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Directors have equal powers and responsibilities whether they are formally or informally appointed by the Board of companies.' Explain this statement in the context of the definition of directors under Australia's Corporations Act, 2001. What is the significance of recognising de-facto directors for liabilities under Corporations Act, 2001?