More often than not, the shareholders of a company do not manage a company’s daily affairs. The shareholders elect and appoint the directors, which in turn engage in the day to day business of such company. In case a shareholder is of the opinion that a director’s actions have been detrimental to the company itself, it begs the question as to what extent the director would be held liable for such actions. In order to assess potential liability of a member of the corporate management, most likely a director, it is important to assess the obligations and duties of such director – Can Ergur