What is the usual consequence of a director breaching a common law duty to the company?

Question

Quizplus · Accepted Answer

The usual consequence of a director breaching a common law duty to the company is that the director will be required to pay damages to the company. This is because the director has breached their duty of care, loyalty, or good faith to the company, and the company has suffered a loss as a result. Other consequences, such as ASIC taking action against the director or the company not being bound by contracts, may also occur in certain situations, but they are not the usual consequence. Imprisonment is a possible consequence for more serious breaches, such as fraud or criminal acts.

What Is the Usual Consequence of a Director Breaching a Common