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

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.