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Hi
Just want to get some opinion and advice on what the pitfalls may be of becoming a director of a management company? My husband has volunteered due to problems with the current management company, and while he tells me that himself and the other new director will be covered by insurance against any personal liability etc, I would just like to get some opinion on this? and also perhaps hear of other opinions and views? I'm a bit concerned that he doesn't know what he is taking on, and as he is somebody who is always overly helpful in his job, I wonder will he find himself in the same position with neighbours etc if he takes this on?
many thanks
Just want to get some opinion and advice on what the pitfalls may be of becoming a director of a management company? My husband has volunteered due to problems with the current management company, and while he tells me that himself and the other new director will be covered by insurance against any personal liability etc, I would just like to get some opinion on this? and also perhaps hear of other opinions and views? I'm a bit concerned that he doesn't know what he is taking on, and as he is somebody who is always overly helpful in his job, I wonder will he find himself in the same position with neighbours etc if he takes this on?
many thanks