Insights · Corporate & Commercial Law

Being a Director Is Not Just a Title: The Duties and the Risks

People accept a directorship as an honour or a favour. Few realise it comes with personal duties, and in some cases personal liability.

Published 24 October 2026 · Last verified 24 October 2026 against Ontario and federal corporate law · By the Yu Sheng Business Law Team

Two core duties

Every director owes the corporation a fiduciary duty, to act honestly and in good faith in the best interests of the company, and a duty of care, to exercise the care, diligence and skill of a reasonably prudent person. These are not formalities. They are the standard a court will hold you to.

Where personal liability arises

Directors can be personally liable in defined situations, including certain unpaid employee wages and vacation pay, and unremitted source deductions and taxes. A director who simply trusts that someone else is handling it can still be on the hook.

This matters most in a company under financial strain, exactly when directors are least able to absorb a personal claim. Understanding your exposure, and the defences such as due diligence, before trouble arrives is far better than after.

Protecting yourself

Good governance, proper records, indemnification and directors' insurance all have a role. So does knowing when a decision needs legal input. A directorship accepted without understanding the duties is a risk taken blind.

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法律资讯 · 公司商业法

董事不只是个头衔:职责与风险

人们常把董事职位当作一种荣誉或人情接受下来。很少有人意识到,它伴随着个人职责,某些情况下还有个人责任。

2026年10月24日发布 · 2026年10月24日对照安省与联邦公司法核实 · 作者:禹晟商法团队

两项核心职责

每位董事对公司都负有“信义义务(fiduciary duty)”,即诚实、善意地为公司最佳利益行事;以及“谨慎义务(duty of care)”,即以一个合理审慎之人应有的谨慎、勤勉与技能行事。这些不是形式,而是法院将据以要求你的标准。

个人责任从何而来

在特定情形下董事可能承担个人责任,包括某些未付的员工工资与假期工资,以及未上缴的代扣款与税款。一个只是“相信别人会处理”的董事,仍可能被追责。

这在财务吃紧的公司里最要命,而那恰恰是董事最无力承担个人索赔的时候。在麻烦来临之前就弄清你的风险敞口、以及“尽职(due diligence)”等抗辩,远胜于事后补救。

如何保护自己

良好的治理、规范的记录、赔偿约定(indemnification)与董事责任保险都各有作用;知道哪些决定需要法律意见同样重要。不了解职责就接下的董事职位,是一场盲目承担的风险。

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