A director is an appointed or elected member of the board of directors of companies who, along with other directors, have the responsibility for determining and implementing company policy.
As a director, your duties are a series of statutory, common law and equitable obligations owed primarily by the director(s) of the company. However, if a director is in breach of their duties, the company itself can bring a claim against the erring director. In order to this they must demonstrate a decline in company performance, as a result. A risk not many directors will want to take.
Top 5 tips
Corporate / Commercial dispute buster, Christine Oxenburgh, shares her top five tips for directors to ensure they are fully performing their duties. Christine focuses in particular on:
The duty to promote the success of the Company, what it means in practice;
What level of skill clients are expecting from directors;
Conflicts of interest and how to deal with them;
Minutes matter. The importance of writing it down and what to write.
If you have any further questions with regards to directors duties please contact Christine Oxenburgh who will provide more guidance where necessary.
Watch the full webinar here:
5 Series Webinar: Five Top Tips for Directors from gunnercooke llp on Vimeo.
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