What are my obligations as a director of a company?
It is important that a director is aware of the responsibilities and duties it inherits as a result of an appointment to the board.
The principal responsibility of a director is to the company not the shareholders, although the director does have a fiduciary duty to the shareholders of a company. The powers of a director are governed by the Articles of Association of the Company and their duties are derived both from statute and common law.
We offer advice in respect of the duties, liabilities and responsibilities of directors to the shareholders and company both from the perspective of the directors and the shareholders.