Course description
2024 Director Roles and Responsibilities - Live Online via Zoom (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 CPD Hours.
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulations
The Companies Act 2006 deems all Board Directors to share equally in the legal responsibilities of running a company.
It does not differentiate between Executive and Non-Executive Directors. This means that the legal duties and potential liabilities of Non-Executive Directors are exactly the same as those of the Executive Directors, no matter how little or how much time they spend on Board Matters. 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.
Topics covered include the Companies Act 2006, Board Director Roles and Responsibilities, UK Corporate Governance Code, Board Committees, Memorandum & Articles of Association, Companies House requirements, Insolvency Act, Liquidations, Director Disqualification Act, Shadow Directors, De Facto Directors, NEDs, iNEDs, Director Statutory Duties, Resolutions, Meetings 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.
The Companies Acts 2006, CA 2006, contains seven specific statutory duties of a director. These important legal duties are collectively called the “General Duties”. The General Duties are applicable to all Board decisions and all Director activities within all UK companies. The General Duties are different to the Statement of Directors Responsibilities, which refers to the responsibilities of the Directors for all matters financial, including their Annual Accounts.
There is a formal Statement of Directors Responsibilities, which is a legally binding outline of the responsibilities of the Directors for all financial matters, including the Annual Accounts. The Director Responsibilities are applicable to all Director activities and decisions within all UK companies. These Director Responsibilities are different from the General Duties of Directors, which are seven specific statutory duties of directors contained in the Companies Acts 2006.
The Company Board Director Roles and Responsibilities Training Course is for both experienced and newly appointed Company Directors. The Chair of the Board of Directors, along with all other Executive and Non-Executive Directors, will benefit from this course.
This course will cover those legal director duties and all of the other relevant statutory requirements at Board level and through case studies and discussions ensure that you are comfortable with the practical application of that knowledge.
This is a very practical course with extensive discussions around case studies that highlight common Boardroom dilemmas. For example a common potential conflict of Interest is that of Subsidiary Board NEDs with Executive roles in the Parent Companies. This course will enable you to resolve such matters to make sound Board decisions, which fully comply with your statutory duties as a Director.
CPD – Formal Certificates of Professional Development will be issued to all delegates.
These certificates will be accepted as evidence for CPD purposes by most other professional associations and institutes.
Upcoming start dates
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.
Through presentations, hands-on case studies and group discussions, the course tutor will impart exactly the knowledge and information that Company Directors need to become Excellent Board Directors, as well as to assess and maximise the effectiveness of their own Company Board. Every Director, including both the Executive and Non-Executive Directors, will benefit from this training course; from the most recently appointed Company Board Director to the Chair of the Board.
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. 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 deal with director duties and director responsibilities as they arise, whilst covering:
- Legal Framework
- Trading Business Structures
- Applicable Laws & Regulatory Framework
- Constitution and Governance Framework
- New company law effective from 2024
- Companies Act 2006 Requirements
- Scope and Relevance
- Seven Statutory Director Duties
- Director Qualifications
- Director Liabilities
- Duty of Independent Judgement
- Non-Executive Directors
- Promote the Success of the Company
- Long Term versus Short to Medium Term
- Director Contracts
- Declarations of Interest
- Director Transactions
- Conflicts of Interest
- Resolution of Conflicts of Interest
- Relief for Breaches of Duties
- Common Mistakes
- Appointment and Removal of Directors
- Memorandum and Articles of Association
- Shareholder Relationships and Dealings
- Strategic Reporting Requirements
- People with Significant Control Reporting Requirements
- Director Insurances and Indemnities
- UK Corporate Governance Code effective through 2024
- Scope and Relevance
- Comply or Explain
- 5 Main Sections of the Code
- The Role of the Board
- An Effective Board
- Board Evaluation
- Division of Responsibilities
- The Chairman
- The Chief Executive
- Non-Executive Directors
- Board Composition and Appointments
- Nomination Committees
- Director Commitment and Development
- Director Induction and Support
- Board Accountability
- Risk Management and Internal Control Duties
- Director Pay Principles
- Audit and Remuneration Committees
- Shareholder Relations and Meetings
- Insolvency Act 1986 and the Director Disqualification Act
- Director Risks
- Director Actions and Conduct before Insolvency
- Insolvency Process
- Insolvency Results
- “Pre-Packs”, Pre-Packaged Administrations
- What you can and cannot do to try to save the company
- Common Mistakes and their consequences
Through presentations, hands-on case studies and group discussions, the course tutor will impart exactly the knowledge and information that Company Directors need to become Excellent Board Directors, as well as to assess and maximise the effectiveness of their own Company Board. Every Board Director, including both the Executive and Non-Executive Directors, will benefit from this training course; from the most recently appointed Company Board Director to the Chair of the Board.
Why choose Professional Directors Association
Professional Directors Association 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
Professional Directors Association has been training Directors for 25 years
Reviews
Average rating 5
Phil has good knowledge and an enthusiastic and effective delivery
As a director it is exactly what I needed. The awareness and learning outcomes fit very well with my expectations. Thank you.
Expenses
Course Fees £645.
Very informative and pitched at the right level. Answered all questions very well and from an informed background. Excellent course.