2024 Director Roles and Responsibilities - In Person (1 Day)

2024 Director Roles and Responsibilities - In Person (1 Day)

Chartered Management Institute Recognised Training Centre for Director Training Courses.

This course is assessed as “Excellent” by its delegates.  To ensure that the Company Directors attending this training course will continue to get the maximum possible benefit, the delegate numbers will be limited to a maximum of 8.

The Course Certificate evidences 6 hours of CPD.

The Companies Act 2006 deems all Board Directors to share equally in the legal responsibilities of running a company.

The legal responsibilities of Non-Executive Directors are Identical to those of the Executive Directors. The Companies Act 2006 does do not differentiate between Executive and Non-Executive Directors. It deems all Board Directors to share equally in the legal responsibilities of running a company. No matter how little or how much time they spend on Board Matters. That is why NED responsibilities are covered 100% in the Director Duties, Roles and Responsibilities course. 

It would be impossible to fulfil the legal duties of a Board Director without a good understanding of those legal roles and responsibilities according to the Companies Act 2006.

The Companies Acts 2006, CA 2006, contains seven specific statutory director duties. These important legal Director duties are collectively called the “General Duties”. They are documented as Sections 171 to 177 of the CA 2006. The Companies Acts 2006 is a UK wide law, hence it applies across all parts of the UK, including Northern Ireland and Scotland. There are other business related laws which vary across, for example, England and Scotland.

The General Duties are applicable to all Board decisions and all Director activities within all UK companies. These General Duties are different to the Directors Responsibilities Statement, which refers to the responsibilities of the Directors for all financial matters, including their Annual Accounts, the internal financial controls and the the prevention and detection of fraud.

The General Duties of Directors under the Companies Acts 2006 are:

1. Duty to act within powers
2. Duty to promote the success of the company
3. Duty to exercise independent judgment
4. Duty to exercise reasonable care, skill and diligence
5. Duty to avoid conflicts of interest
6. Duty not to accept benefits from third parties
7. Duty to declare interest in proposed transaction or arrangement

These courses explain fully the General Duties under the Companies Act 2006 and their relevance to Board meetings and the normal daily activities of Board Directors. The Director Roles and Responsibilities Course will also cover the UK Corporate Governance Code and other Board level statutory requirements. The course will provide that knowledge and through case studies and discussions ensure that you are comfortable with its practical application.

Institute of Leadership and Management Approved Training Centre

These are very practical courses with extensive discussions around case studies that highlight common Boardroom dilemmas. For example a common potential Conflict of Interest within Groups of Companies is that of Subsidiary Board NEDs with Executive roles in their Parent Companies. Another common scenario issue is how far should the Board go in ensuring that the Company Financial Controls are adequate. This course will enable you to resolve such matters and to make sound Board decisions, which fully comply with best practice and your statutory duties as a Director. Guidance will be provided on some of the factors that facilitate effective Boards.

Topics covered include the Companies Act 2006, Effective Boards, Board Director Roles and Responsibilities, UK Corporate Governance Code, Board Committees, the Memorandum & Articles of Association, Companies House requirements, the Insolvency Act, Liquidations, the Director Disqualification Act, Director Pay, Shadow Directors, De Facto Directors, NEDs, iNEDs, Director Statutory Duties, Strategic Financial Management, Risk Management, Dividends, Resolutions, Meetings, Voting requirements and many more.

This course will explain the personal and corporate insolvency issues surrounding directors. It will help you to avoid inadvertently assuming any personal liabilities through an imperfect knowledge of the insolvency laws.

Formal Certificates of Professional Development will be issued to all participants. These certificates will be accepted as evidence for CPD purposes by most professional institutes and associations, including the Law Society, the CIM, the CMI, the ICAEW, the Institute of Learning and the CIPD.