ILAD wrote: ↑Thu Mar 19, 2020 12:09 am

DavidOwen67 wrote: ↑Thu Mar 19, 2020 12:05 am

oche balboa wrote: ↑Wed Mar 18, 2020 11:28 pm Dave is out the pub

Dont you ever get sick of being wrong?

So are you in the pub?

DavidOwen67 wrote:

ILAD wrote: ↑Thu Mar 19, 2020 12:09 am

DavidOwen67 wrote: ↑Thu Mar 19, 2020 12:05 am

oche balboa wrote: ↑Wed Mar 18, 2020 11:28 pm Dave is out the pub

Dont you ever get sick of being wrong?

So are you in the pub?

No. Not been to the pub since Saturday.
Oche's Brummie vernacular implied I was at or had just left the pub.

oche balboa wrote:If theirs a lockdown. Drupid will be arrested for banging on the Willy’s door demanding its opens

The image in my head is giving me comfort

Zapp Brannigan wrote: ↑Thu Mar 19, 2020 8:29 am Quick question, if you resign as a director say a week or two before a company is liquidated does anything go against your name or do you have to declare anything bankruptcy wise?

Ginge wrote:

Zapp Brannigan wrote: ↑Thu Mar 19, 2020 8:29 am Quick question, if you resign as a director say a week or two before a company is liquidated does anything go against your name or do you have to declare anything bankruptcy wise?

If its a registered company then no, however the liquidators would consider the conduct of all current and past directors before making a decision whether a prosecution occurs. Simply taking your name off it isn't going to absolve them of blame, if anything it makes it look a lot more dodgy.

Zapp Brannigan wrote: ↑Thu Mar 19, 2020 8:37 am
So then let’s say a previous director then releases a statement saying that the financial issues that caused his resignation and eventual liquidation are down to the previous resigned directors and nothing to do with him, would that change anything?

Zapp Brannigan wrote: ↑Thu Mar 19, 2020 8:37 am So then let’s say a previous director then releases a statement saying that the financial issues that caused his resignation and eventual liquidation are down to the previous resigned directors and nothing to do with him, would that change anything?

And I’m talking about specifically anything that would go against your name (bankruptcies on companies house, having to declare any financial issues etc) not just slaps on the wrist by any liquidator.

Dellboy wrote: ↑Thu Mar 19, 2020 10:44 am I bet Frank Branscombe is shitting himself!

el_ringo wrote:

Zapp Brannigan wrote: ↑Thu Mar 19, 2020 8:37 am So then let’s say a previous director then releases a statement saying that the financial issues that caused his resignation and eventual liquidation are down to the previous resigned directors and nothing to do with him, would that change anything?

And I’m talking about specifically anything that would go against your name (bankruptcies on companies house, having to declare any financial issues etc) not just slaps on the wrist by any liquidator.

The directors always have to act in the best interest of the shareholders. Any other actions can leave them open to possible legal repercussions.
If the chairman was aware of illegal actions and had chosen not to release this information to the shareholders then its quite possible they could be barred from any company positions for a period of years by the official receiver in the event of a company failing under their watch.

Zapp Brannigan wrote: ↑Thu Mar 19, 2020 12:09 pm

el_ringo wrote:

Zapp Brannigan wrote: ↑Thu Mar 19, 2020 8:37 am So then let’s say a previous director then releases a statement saying that the financial issues that caused his resignation and eventual liquidation are down to the previous resigned directors and nothing to do with him, would that change anything?

And I’m talking about specifically anything that would go against your name (bankruptcies on companies house, having to declare any financial issues etc) not just slaps on the wrist by any liquidator.

The directors always have to act in the best interest of the shareholders. Any other actions can leave them open to possible legal repercussions.
If the chairman was aware of illegal actions and had chosen not to release this information to the shareholders then its quite possible they could be barred from any company positions for a period of years by the official receiver in the event of a company failing under their watch.

Does claiming to have new money coming in before resigning count as acting in the companies best interest?

Like say if I was a director of a company that was struggling and I release a statement saying I’m discussing with sponsors and investors about bringing publicity and investment in. But then I resign and the company very quickly goes into liquidation can I claim that I had the investment in place but when I resigned that investment left with me and thus none of this is my fault.

Again purely hypothetical