No matter what size the company, all directors have a legal responsibility to ensure the company can pay its debts. When the economy is buoyant, this might be easy, but when costs are spiraling, interest rates are going up, and there's international uncertainty, directors might have to pay close attention to company finances to ensure that they don't put themselves at risk.

Featuring Tompkins Wake partner Wayne Hofer and McGrathNicol partner Andrew Grenfell.