Directors' Duties - Reynolds Parry Jones

Directors’ Duties

If you are a director of a limited liability company you have certain duties and obligations under law.

As a director you are responsible, along with any fellow directors, for complying with the requirements of disclosure and good practice under the Companies Act 2006. You now have a statutory duty to others, beside the shareholders.

The Corporate Manslaughter and Corporate Homicide Act 2007 renders directors liable for defective management causing death.

Failure to act properly and in accordance with the law can leave you liable to criminal prosecution and/or to fines and penalties.

If you are concerned about your role and responsibility as a company director you should talk to a member of our commercial law team.

Call one of our specialist business lawyers now to discuss how we can advise and help on these issues.

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