Guide to Directors’ general duties, in capacity as a director, to the company.
Introduction
The Companies Act 2006 (the Act) introduced new provisions on directors’ duties, which came into force on 1 October 2007.
The Act includes a statutory statement of directors’ duties, which aims to clarify and codify the existing common law on directors’ fiduciary duties. These duties are based on, and have effect in place of, the common law rules and principles…