Directors’ Responsibilities

Directors’ Responsibilities
 

If you are a company director you will know just how complex modern business has become. It’s not just about transactions, clients and profit. The regulatory environment has become far more onerous and company directors need not only to understand the full extent of the legislation but also how it impacts on their responsibilities. Getting it wrong can mean added risk for you and your business.

There are ways to make the administrative burden lighter so that you can concentrate on running the business.

Directors’ Duties

As a company director or business owner there are 101 things that demand your attention daily. Your primary focus is likely to be how to protect and grow your business to give it a secure future.  With all the demands made upon you it is all too easy to overlook your company administrative duties. Unfortunately company directors who fail to comply with the regulations may be faced with damaging penalties.

As a company director you don’t want to fall foul of the requirements of The Companies Act 2006 which fundamentally changed the relationships between a director and fellow directors, as well as shareholders. 

You can learn more about director’s duties and responsibilities from our Factsheet [link] If you are in doubt about your responsibilities or duties as a company director or you are concerned about a possible breach of responsibilities you can discuss this at no obligation with our corporate and commercial team .