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We discuss the duties imposed by statute on the director and his conduct within the role.
We explain the additional general duties imposed on a director, both statutory and non-statutory.
Directors assume a potential degree of personal liability to the company which they run. We outline the key situations in which such liability would arise.
We explain the difficulties facing a director whose company is contemplating insolvency.
Duties and liabilities of company directors
Becoming a director gives status and a direct impact on the strategy and success of a business, but it also brings with it a variety of obligations and duties that directors must be aware of. This toolkit provides an overview of the key issues.