Company directors' responsibilities
Introduction
Shareholders own limited companies but they don't run them. That job is given to the directors. All limited companies must have at least one director.
Directors have many business responsibilities for ensuring the success of their company, in areas such as health and safety, employment law and tax.
You run the risk of serious penalties if you don't ensure that key information is sent to Companies House. You must also ensure that the company produces annual accounts.
Until recently the role and responsibilities of company directors was defined by case law. The Companies Act 2006 confirms existing case law and requires company directors to act in a way which is most likely to promote the success of the business. This guide tells you what you're responsible for under company law.
Subjects covered in this guide
- Introduction
- Appointing new directors
- Directors' powers and financial liabilities
- Responsibilities not relating to Companies House
- Sending documents to Companies House
- Disqualification of directors
