| Article Index |
|---|
| Directors'responsibilities |
| Appointing Directors |
| Exercising Directors' Powers |
| Fiduciary Responsibilities |
| Duties Under Company Law |
| Other Legal Duties |
| Potential Penalties |
| Avoiding Danger |
The duties of company directors have, until recently, been defined by case law. Under the Companies Act 2006 they have now been set out in a single statement.
Company Directors are responsible for the management of their companies. They must act in a way most likely to promote the success of the business and benefit its shareholders. They also have responsibilities to the company's employees, its trading partners, and the state. As a director, you need wide powers to help you promote the company. However, you face serious penalties if you abuse those powers, or use them irresponsibly.
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