Compliance, regulatory & risk
- Advertising standards authority
- Business training
- Companies Act
- Company secretarial
- Competition
- Consumer credit regulation
- Data protection
- Directors' duties
- Environment
- Financial services & regulation
- Fraud
- Freedom of information
- Health & Safety
- Insurance
- Licensing
- Marine insurance
- Product liability
- Professional negligence
- State aid
- Tax
- Trading standards
Home | Services | Services for business | Compliance, regulatory and risk | Directors' duties
Directors' duties
Whether you are a new or an experienced company director you need to be aware of your responsibilities.
For the first time, the Companies Act 2006 has codified directors’ duties into seven general duties. You must comply with each and every applicable duty. These seven duties are not even the sum total of the duties that you owe to your company – you also continue to have duties under other areas of the law such as health and safety and under the Insolvency Act 1986.
The Act also introduced a new mechanism for enforcement against directors who have breached their duties - the derivative action. Shareholders can litigate against directors, increasing the possibility of a claim for damages being brought in respect of any of your new general duties.
We have experts in this area who can guide you through this regulatory minefield.
Search the site
Enter the keywords below to search:
Get in touch
Dean Drew
Partner
T: 08700 86 8912
I: +44 (0)118 965 8912
E: dean.drew@shoosmiths.co.uk