Category Corporate Governance

In 2016, it was reported that a group of unknown individuals compromised the SWIFT system of Bangladesh Bank, the Bangladesh central bank, and initiated transfer instructions of a total value of USD 1 billion, held at the Federal Reserve Bank…

A company is a separate and distinct legal entity from its members/shareholders and directors. The implication of this long-standing legal principle is that the directors and members/shareholders are, as a general rule, not personally responsible for the company’s liabilities. The…