Directors' duties under the Companies Act 2006 — an introduction
The purpose of this note is to give new directors of UK companies an introduction to the main duties that they owe to their company under the Companies Act 2006. It is intended to be a quick-reference guide written in everyday language rather than a comprehensive legal analysis.
The law on directors’ duties has undergone an upheaval in recent years, with the Companies Act 2006 codifying and altering a regime that was previously set out in common law. In accordance with the aims described above, this note does not undertake a comparison of the new regime with the old, but simply sets out the law as it stands…
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