Directors have extensive responsibilities and can be liable for breach.
ICAEW’s short guide outlines the essentials that all directors of private companies limited by shares should know including:
The guide also gives an overview of specific requirements applying to transactions between the company and its directors and transactions with shareholders. It also serves as a reminder that directors are ultimately responsible for the management of a company and so are responsible for ensuring that the company complies with all laws that apply to it.
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