Directors' duties

Directors' duties

Providing specialist business and legal advice to new and existing business directors, partners and shareholders. Help to remove a director, settle a dispute between partners, shareholders or directors, handle business insolvency and avoid the most common legal pitfalls.

Ask Cousins Business Law for help with:

  • Directors' duties and responsibilities
  • Insolvency
  • Bankruptcy
  • Shareholder disputes
  • Shareholders' agreements
  • Creditor disputes
  • Removing directors, or facing removal 

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As a director of a company, you are taking on an onerous responsibility, and a lot of people don’t realise that.

The Companies Act 2006 sets out directors duties and directors responsibilities including the common law duty of care and skill into a statutory statement of seven general duties.

There are many circumstances where a director can be held liable for decisions made by the company, even if they didn’t agree with them. In addition, if your company becomes technically insolvent (i.e. its balance sheet shows more liabilities than assets or it can’t pay its debts as they fall due), your directors' duties change and you now have to do what you can for the company’s creditors, rather than its shareholders. In such circumstances, you might find yourself at the wrong end of a claim to pay your personal money into the company.
In addition to this, you might find yourself charged with a criminal offence arising out of company business.

At Cousins Business Law, our solicitors have a wealth of experience in helping directors both understand their duties and responsibilities and deal with any problems that arise. We also act for companies against directors who may have breached their duties and caused a financial loss to the company.

For more information on directors' duties, see our articles:

For a free half hour assessment of your particular circumstances book a telephone appointment.

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Directors

Directors
Practical advice and legal support for company owners and directors.

Disputes

Disputes
In dispute with a customer or supplier? Get practical advice and support.

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Shareholders

Thank you. Your response is great, very straight to the point! Hopefully this will bring an end to the matter. I will certainly be recommending your services as I am very impressed with the prompt dealing of this matter.
Janet Burbidge

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