An Introduction to Director Duties - Setting a Baseline for New Directors

Introduction

This new virtual classroom seminar will cover the up-to-date key points for consideration when accepting an appointment as a director, looking at the key duties of directors of private UK companies under the Companies Act 2006, including discussing good practice in the boardroom.

If you are a trainee solicitor, apprentice, paralegal, newly qualified solicitor, or a newly appointed director of a private UK company, then this seminar is for you.

What You Will Learn

This live and interactive session will cover the following:

• Directors - the fundamentals, including:
• Who is a company director
• Current advice based on recent 2023 cases examining where parent company directors can be held liable as de facto directors of subsidiaries
• How directors are appointed (including changes under new legislation)
• Setting a baseline - an overview of each of the statutory duties (and how they operate) plus recent judgements
• Focus:
• s.177 - including what should be put in the minutes
• Articles exercise applying s.172/177
• GC100 original conflicts identifier and discussion surrounding conflicts
• Consequences of breach including lessons to learn from recent judgement/current failures
• Practical guidance and action points to aid compliance
• Q and A

This session does not cover s.172 reporting requirements and instead focusses on private UK companies. For further information regarding s.172 reporting requirements, please see Section 172 Statements Under the Microscope.

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.