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Woodworking Network, sponsor of the event, and the Cabinet Makers Association (CMA) have once again collaborated to develop a collection of presenters who will share valuable information on best practices and market conditions.
MANHEIM, PA Wood Pro Expo Lancaster attendees can choose from a number of educational opportunities including two free keynotes and classroom sessions. The show will be held October 14-15 at the Spooky Nook Sports Center in Manheim, Pa. near Lancaster. Woodworking Network, sponsor of the event, and the Cabinet Makers Association (CMA) have once again collaborated to develop a collection of presenters who will share valuable information on best practices and market conditions.
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The obvious recent case in point is AYO Technology, which suffered a 36% revenue decline in the half-year to February, plunging the company into a loss-making situation. But it then went ahead and calmly declared a dividend 86% higher than its previous dividend, which will cost the company around R200-million.
To me, the first question here is whether this constitutes reckless trading as defined by section 22(1) of the Companies Act. The section says: “A company must not carry on its business recklessly, with gross negligence, with intent to defraud any person or for any fraudulent purpose.” If it does, directors become personally liable.