Tag: Responsible

Risk, Reward and Responsibility: Limited liability and company reform by Michael Schluter

Risk, Reward and Responsibility: Limited liability and company reform by Michael Schluter

    Summary Limited liability is contrary to biblical teaching because, exceptionally in the law of contract, it allows that certain debts may be left unpaid. As a result shareholders, who retain rights of ownership, are excused responsibilities of ownership, while directors bear some of the responsibilities of ownership, and share some of the rewards, […]

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