FAQ: Directors responsibilities
This FAQ covers the duties of company directors have, until recently, been defined by case law. Under the Companies Act 2006 they have now been set out in a single statement.
Peter Hine answers the following frequently asked questions:
- Do I need any special skills or qualifications to be a director?
- What are my responsibilities to the shareholders?
- Am I responsible to anyone other than the shareholders?
- Can I have private dealings with a company I am a director of?
- What should I do if I think I have a conflict of interest?
- Are there any special rules about holding shares in a company I am a director of?
- Are there any special rules about my contract of employment?
- What returns do we have to make to Companies House?
- Can we delegate responsibility for filings to the company secretary?
- Do I need to read the company’s articles of association or any other documents?
Click below to discover the answers to these questions and more.
The article above was written with considerations from Corporate Law tutors in Lancaster and Commercial Law advisors based in Wigan. In relation to the article above our solicitors who serve areas such as Southport, are able to offer expert legal advice on this subject.
- Prompt, efficient and clear communication, helped provide a clear understanding of the issues and situation
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