Directors' Actions Can Harm Companies Despite Good Faith Efforts.
The article compares the roles and authority of directors in limited liability companies in Singapore and Indonesia. It looks at how directors make decisions and the consequences of their actions. The study found that directors sometimes act beyond their authority, causing harm to the company. Even when directors act within their authority, they can still harm the company. Shareholders often hold them accountable. In both countries, directors are protected if they act in good faith. The main difference between Singapore and Indonesia is how they assess directors' good faith.