Establishment of exemption mechanism of directors' liability can ensure the total balance of all parties of director liability system.

建立董事责任的免除机制，可以保障董事责任制度体现各方利益的总体平衡。

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In order to protect the profit of shareholder, creditor and public bitterly, it should limit the Director authority and Director liability according to the law, which reflects some balance.

为了防止董事职权的滥用，为了更好的保护股东、债权人与社会公众的利益，以法律的形式对董事职权与董事责任加以严格限定，是对责任与职权的一种制度平衡。

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Absent a board of directors, the executive director of a limited liability company shall be the legal representative thereof.

有限责任公司不设董事会的，执行董事为公司的法定代表人。

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And the board could face a huge director-liability headache.

FORBES: Asleep at the switch

"The lender goes through the closing documents with a fine-tooth comb and says, 'You should have noticed this, '" says Brian Baney, director of professional liability program claims at Zurich Insurance.

FORBES: Getting Theirs

Amid the biggest legal crisis to rock the corporate world, News Corp serves as a valuable lesson for all companies on such critical issues as director independence, reputational preservation, and responsible corporate officer liability, among others.

FORBES: Upcoming Conference to Focus on News Corp. Hacking Scandal