What obligations does a director have? Part III: personal liabilities of directors

Download document:

What obligations does a director have? Part III: personal liabilities of directors - .PDF file.

By Nick Jones

Becoming a director gives status and a direct impact on the strategy and success of a business. How free is a director to act alone? What obligations and duties should a director bear in mind?

This is the third of four articles summarising the general duties and potential liabilities of a director of an English private company (which is not in a group with a PLC).

Day-to-day management of a company is delegated to the directors by its shareholders. Directors are initially appointed by the shareholders and can usually themselves appoint additional directors up to any limit set by the articles of association…

If you are registered and logged in to the site, click on the link below to read the rest of the Taylor Wessing briefing. If not, please register or sign in with your details below.