Responsibility of the governing bodies
According to the law, the governing bodies of a company are liable for the damage they cause to the company, its shareholders and third parties by failing to fulfil their duties.
Provided that they have a certain financial standing or civil liability insurance, the directors or auditors of companies are exposed to liability claims, particularly in the event of bankruptcy or insolvency.
Fontanet & Partners defends governing bodies that are threatened or subject to both civil and criminal legal liability actions.
We support and advise shareholders or creditors of a company in liability actions against its governing bodies failing to fulfil their duties.
Respecting the saying that one is better safe than sorry, we advise and assist you in setting up procedures and good governance measures (keeping minutes, checks, following-up with problems and issues, drafting regulations) that will protect the company and its governing bodies.
Fontanet & Partners is at your disposal to carry out an audit of your company’s social and legal structure as well as of its documentation, and to suggest possible improvements or corrections.