Manager/Director Liability: Limits and Insurance

Managing a company exposes directors to considerable legal risks. Whether you are a SARL manager, SAS president or SA managing director, the personal responsibility of the director can be engaged on a civil, criminal or even tax basis. Contrary to popular belief, the corporate veil does not systematically protect the director: management faults, statutory breaches or violations of laws and regulations can lead to direct claims against personal assets. Understanding the limits of this responsibility