REDUCING RISKS OF DIRECTOR LIABILITY – Directors and managers are granted a broad range of authority. This article examines how directors and managers become personally liable to the company for their actions, strategies to prevent these situations from occurring, and how being prepared can help protect the company when these circumstances arise. An ounce of prevention is worth a pound of cure, and this article will help reduce the risks borne individually and by any company operating in China. Associates Chen Yun and David Hartung look at the rules that apply and the policies any company should consider implementing.
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