Published On Aug 31, 2023
Company directors have a lot of responsibilities – from statutory filing and reporting obligations, to managing a company’s activities, performance, and finances. In this video, Nicholas Campion, our resident company formation expert, will explain the 10 key duties a company director needs to fulfil.
Chapters:
0:00 Intro
2:28 Duty 1. To always act within their powers
4:18 Duty 2. To promote the success of the company
5:14 Duty 3. To exercise independent judgment
5:44 Duty 4. To exercise reasonable care, skill, and diligence
7:02 Duty 5. To avoid conflicts of interest
8:04 Duty 6. To not accept benefits from third parties
8:56 Duty 7. To disclose interests in proposed transactions or arrangements
9:57 Duty 8. To maintain statutory filing and reporting obligations
11:36 Duty 9. To comply with additional legislation and regulations
12:42 Duty 10. To report personal income
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