Directors’ Responsibilities
It has long been the view of the Courts that any person who accepts the appointment as a director of a corporate body must carry out their duties with responsibility, exercise adequate skill and care, and demonstrate proper regard to the interests of creditors and employees. The Company Directors Disqualification Act 1986 introduced tougher rules against directors involved in the failure of a company and whose conduct called into question their fitness as a director. The Companies Act 2006 has set out the general duties of directors in statute for the first time.
Download and print your copy of our briefing note here – Directors_Responsibilities_v2.pdf
