Director Statutory Duties Jan 24
A short, CPD-accredited training course focused on the Role of a Statutory Director in England & Wales.
Introduction
Why this module matters to YOU
Chapter Objectives summary
Summary of chapter
General duty 1 - Act within your powers
What is my company's constitution?
General duty 2 - Promote the success of the Company
What should I take into account?
General duty 3 - exercise independent judgement
Is that always possible?
General duty 4 - exercise reasonable care, skill and diligence
What is a reasonably diligent person?
General duty 5 - avoid Conflicts of Interest
Will I be infringing my duty?
General duty 6 - do not accept benefits from third parties
Is acceptance ever acceptable?
General duty 7 - Declare any interest in a proposed transaction or arrangement
When and how?
Chapter Objectives Summary
Introduction to this chapter
Duty of confidentiality
Some practical examples of what this might mean
Statutory filings
What might this include?
Health & Safety
Various other statutory duties
Including, but not limited to...
Shareholder approval
For example
Chapter Objectives Summary
Introduction to this chapter
Directors
And what happen from this
Shareholders
Liquidators
For example liquidators
The Crown Prosecution Service (CPS)
Who might seek to
Chapter Objectives Summary
Introduction to this Chapter
Mitigation 1 - Prevention
Be as professional as you can - build good habits from day one
Mitigation 2 - Indemnity
Another option to consider
Mitigation 3 - Insurance
Remember not a silver bullet
End of Module quiz
Quiz questions
Helping you become a better Director, Trustee and board member