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Corporate Governance

Directors' Duties

Helping you meet your Directors' Duties

As the director of a company, there are certain governance and regulatory requirements you must meet in terms of directors’ duties. Monarch Solicitor’s expert team can assist you in ensuring you meet your duties as a director.

Directors’ Duties

Under the Companies Act 2006, some of the duties imposed on a director of a company are:

  • Ensure they act within their powers
  • Exercise reasonable care, skill and diligence
  • Use independent judgement
  • Promote the success of the company
  • Avoid conflicts of interest
  • Declare any interests they may have with proposed or existing transactions of the company
  • Not accept benefits from third parties

Additional to these, there are other responsibilities which relate to ensuring the company can meet its obligations. These include the preparation and filing of the company’s annual reports and accounts.

Failing to meet your obligations usually results in a fine and, in rare cases, imprisonment for a criminal offence.

Directors may also be held personally liable for a wide range of situations, including:

  • Health and Safety
  • Environmental
  • Competition
  • Securities Matters

However, the general rule is that directors are not personally liable to third parties unless they have given a personal guarantee.

Monarch Solicitors can advise you if you feel you have breached any of your obligations and give you the peace of mind regarding what will happen next.

Contact our Directors’ Duties Solicitors

If you would like to enquire about any matters relating to director duties please complete our online contact form here or send an email to us at [email protected] and one of our solicitors shall call you back. Alternatively, please call our director duties solicitors on 0330 127 8888 for a no obligation discussion.

Monarch Solicitors are a leading law firm in the UK with offices in Manchester and London.

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