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Excerpt from Supplement to the Law of Directors and Officers of Joint Stock Companies: Being Notes on the Directors' Liability Act, 1890 The Act as now in force requires nothing which a compe tent director would not hitherto have deemed essential for his own protection and credit as a man of business. Honesty of purpose has always been a necessary ingredient in the conduct of all directors, and the legislature has now enjoined, as a legal liability, the necessity for that care in the prepara 'tion of a prospectus which hitherto every prudent director has regarded as a moral duty. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.