How? It’s a limited liability company. The liability of directors is limited to the amount of their financial injection to the company. So if they paid a pound for their shares then that’s their liability.
I might be wrong but im sure someone with accountancy experience will be able to clarify.
I seriously doubt she risks anything like bankruptcy.
He might be out of his depth. He might turn out to be a disaster.
Yeah, all of those have happened. So? What can you or I do about it?
By the way, yes at least 3 of the high profile sackings were indeed ‘nobheads’ (sic)
(You’re, except and their)