Prescribed officer
A senior company officer who may be treated similarly to a director for certain Companies Act duties and liability questions.
Definition
A prescribed officer is not identified by job title alone. The practical review should look at the person's actual authority, executive control, delegated powers, board reporting, contracts, company records, conflicts, financial decisions, and whether the Companies Act or company documents attach director-like duties to the role.
Key takeaways
A senior company officer who may be treated similarly to a director for certain Companies Act duties and liability questions.
Corporate Law
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Related legal problems
This glossary provides general information only and does not constitute legal advice.
Common situations
Company governance
Director or officer liability
Signing authority dispute
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Corporate LawFAQs
Prescribed officer FAQs
What does Prescribed officer mean?
A senior company officer who may be treated similarly to a director for certain Companies Act duties and liability questions.
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