Companies Act 2006 – More heat, less steam!

Exactly what should directors do?

For the first time in law, the 2006 UK Companies Act sets out what a company directors duties are

All company directors need to have a basic understanding of financial matters

How well do you understand your company’s financial accounts? As a company director, regardless of whether you are an executive or non-executive director, you have a legal obligation to exercise reasonable care, skill and diligence in the execution of your board duties. This is particularly true when it comes to the financial affairs of the business. TheContinue reading “All company directors need to have a basic understanding of financial matters”