Six Differences between Trustees and Company Directors

(2020) 94 Australian Law Journal 254

4 Pages Posted: 4 May 2021

See all articles by Mark Leeming

Mark Leeming

The University of Sydney Law School

Date Written: April 2020

Abstract

This note identifies six differences between trustees and company directors: the absence of a separate legal personality of the trust, the different rights of creditors, the different obligations owed, different rights to information, different powers of removal and, especially, the different requirement of unanimity when decisions are made.

Keywords: company director, trustee, different requirements as to unanimity, other differences

JEL Classification: K10

Suggested Citation

Leeming, Mark, Six Differences between Trustees and Company Directors (April 2020). (2020) 94 Australian Law Journal 254, Available at SSRN: https://ssrn.com/abstract=3836291

Mark Leeming (Contact Author)

The University of Sydney Law School ( email )

New Law Building, F10
The University of Sydney
Sydney, NSW 2006
Australia

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