The Companies act 2006 (2006 Act) has, for the first time, put into statute the duties owed by a director to the company he or she works for. The relevant sections of the 2006 Act are section 172 to 176 and the duties are:-
We have prepared a Briefing Note to provide you with a summary of your duties, as a Director, under the 2006 Act.
Please remember that this note only covers duties owed by a director to the company. Directors will, however, have many other duties, both under the 2006 Act, such as the duty to deliver accounts, and under a wide variety of other laws and regulations, such as insolvency and health and safety legislation.
If you have any question on any of those matters, or on any of the matters covered below, whether now or in the future, you should contact David Heys at Lawson-West on 0116 212 1027 or by email at dheys@lawson-west.co.uk.
The document can be downloaded in its entirety as a pdf here. Alternatively, please follow the links below to navigate your way around the document by section:
1. General Duties of Directors under the Companies Act 2006
