2024 Company Board Director Roles and Responsibilities - In Person (2 Days)
Chartered Management Institute Recognised Training Centre for Director Training Courses. This 2-day training course is a CMI Recognised Director Training Course. The course can be spread across two separate non-consecutive days.
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 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:
- Duty to act within powers
- Duty to promote the success of the company
- Duty to exercise independent judgment
- Duty to exercise reasonable care, skill and diligence
- Duty to avoid conflicts of interest
- Duty not to accept benefits from third parties
- 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.
Chartered Management Institute Recognised Director Training Courses and Workshops
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.
Upcoming start dates
13 March, 2024
Suitability - Who should attend?
This training course has been designed for both experienced and newly appointed Company Directors, as well as specialist advisors and consultants, who want to ensure that they are complying with all of the relevant laws and regulations, as well applying the highest standards of Corporate Governance within their companies.
The Chair of the Board of Directors, along with all other Company Directors, both Executive and Non-Executive Directors, as well as current and prospective, will benefit from this training course.
Outcome / Qualification etc.
Formal Certificates of Professional Development will be issued to participants who successfully complete this training course, in print for the 2-day training course and by email for the 1-day training course. 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.
Training Course Content
The training course will cover:
- The new Laws and Regulations effective in 2024
- Legal Framework
- Applicable Laws & Regulatory Framework
- The role and responsibilities of a Director
- What are the limits on their powers
- Which decisions require Shareholder approval
- The appointment and removal of a Director
- Companies Act 2006 Requirements
- Director Definitions
- Executive versus Non-executive Directors
- Differences between the Officers of the Company
- Appointment and Removal of Directors
- Seven Statutory Director Duties
- Director Liabilities, Insurances and Indemnities
- Declarations of Interest
- Director Pay
- Director Contracts
- Director Loans and Transactions
- Memorandum and Articles of Association
- Shareholder Communications, Relationships and Dealings
- Legal Reporting Requirements
- People with Significant Control
- Shadow Directors, Defacto Directors and Alternate Directors
- UK Corporate Governance Code
- Overview of the Code
- Board Evaluations
- The role of the Chairman
- Independent Non-Executive Directors
- New Directors, Appointment & Induction
- Board Committees
- Shareholder Relations and Meetings
- Shareholder Dissent
- Insolvency Act 1986 and the Director Disqualification Act
- Director Liabilities
- Director Actions and Conduct before Insolvency
- Insolvency Process
- Creditors, Secured, Preferred and Unsecured
- “Pre-Packs”; also known as Pre-Packaged Administrations
- Director Disqualifications and how to avoid accidentally giving rise to a disqualification
- What you can and cannot do to try to save a failing company
- Common Mistakes and their consequences
- Board Meetings and Committees
Why choose Excellence in Learning
Excellence in Learning has trained over 40,000 delegates in 10,000 client organizations
99% of our Director Delegates have rated our courses as Excellent and the other 1% as good
Excellence in Learning has been training Directors for 25 years
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Average rating 5
Tutor is truly engaging with participants and elaborates clearly on each topic, providing real life stories to support theoretical content.
I thought the course content was excellent
The case studies added more learnings /value & insights to the task with a collaborative Team approach . Action Learning tends to provide real live situations that outcomes for ...
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In Person, In-House or Live Online Courses We are a Chartered Management Institute, CMI, Recognised Training Centre for Executive and Director Training. We are also an Institute of Learning and Management approved training centre for Board Directors and Senior Executives....