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of <h1>Government Circular Warns Directors Against Acting as Surety for Outsiders, Citing Ultra Vires Risks and Personal Liability Concerns.</h1> A government circular addresses a situation where a director of a public limited company acted as a surety for an outsider facing prosecution. The government considers this action ultra vires, meaning beyond the director's legal authority, as it involves someone not connected to the company's administrative structure. Directors are advised against such actions to avoid personal liability and ensure they do not act outside the company's authority, which could harm the company's interests. The circular serves as a caution to directors about the risks of standing surety for accused individuals in similar circumstances.
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