2008/10/29 Andrew Cates Andrew@soschildren.org:
Thomas
You are right it is implausible. :)
In general AFAIK a company taking actions requires it to have an executive in which case as long as it is put together correctly the executive goes to jail and the directors including company secretary are protected by a corporate veil (unless they have themselves been negligent, acted as execs etc).
Not that you should sleep well on the back on of non-legal hearsay but I've been a CEO for 15 years, 3 countries and at least 6 companies and never managed to get a board member jailed in my place yet. :)
That's not really relevant to a small charity with no staff - the board will be doing the day to day running of the company.