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5 December 2024

Directors’ Duty Conflicts Interest

Directors’ Duty to Avoid Conflicts of Interest

In the world of corporate governance, managing directors’ duty to avoid conflicts of interest is central to maintaining trust, integrity, and compliance with the Corporations Act 2001 (Cth). Directors are entrusted with fiduciary obligations, which require them to act in the best interests of the company. However, personal or external interests can sometimes create situations …

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pro-rata long service leave

Pro-Rata Long Service Leave Explained in Australia

Long service leave provides two months of paid leave after ten years with the same employer. It recognises long-term contributions. Pro-rata long service leave allows early access to part of the entitlement. This applies if employment ends before ten years of service. It also applies proportionately for employees with service between ten and fifteen years. …

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