Check a company has the minimum number of directors
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From the company type and the directors the lawyer lists, record the minimum that applies. A proprietary company must have at least one director, and that director must ordinarily reside in Australia. If the lawyer says the proprietary company has one or more CSF shareholders, record at least two directors, and that if there are only two at least one must ordinarily reside in Australia, and otherwise a majority must. A public company must have at least three directors, not counting alternate directors, and at least two must ordinarily reside in Australia. Do not decide whether a person ordinarily resides in Australia.
- What the lawyer must review
- The lawyer decides the company type, whether it has a CSF shareholder, whether alternate directors are being counted, and whether each required director ordinarily resides in Australia.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | From the company type and the directors the lawyer lists, record the minimum that applies. A proprietary company must have at least one director, and that director must ordinarily reside in Australia. If the lawyer says the proprietary company has one or more CSF shareholders, record at least two directors, and that if there are only two at least one must ordinarily reside in Australia, and otherwise a majority must. A public company must have at least three directors, not counting alternate directors, and at least two must ordinarily reside in Australia. Do not decide whether a person ordinarily resides in Australia. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- A proprietary company without the CSF limb is checked for one director who ordinarily resides in Australia.
- The CSF limb is applied only where the lawyer says there is a CSF shareholder, and it requires two directors.
- A public company is checked for three directors excluding alternate directors, with two ordinarily resident in Australia.
- The age and disqualification check is not repeated here.
Sources
These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.