Duties of Company Directors

Order 100% Free Essay on Company Law

Duties of company directors. According to the UK’s Company Law, a director owes his duties to the company to the benefit of members. Nonetheless, in certain conditions, a company director owes duty to other persons and workers as well as creditors in a liquidated condition. Company managers have the obligation to manage organizations.

Ola was appointed on the Board of Directors of Lighthouse Pictures Ltd.
However, she has no precise idea about the effect of what the Companies
Act 2006 has had on directors’ duties. In fact, she did not know that
directors’ duties are now regulated by statute law.

Using academic literature and case law, please advise Ola on:

Duties of Company Directors

Order 100% Free Essay on Company Law

According to the UK’s Company Law, a director owes his duties to the company to the benefit of members. Nonetheless, in certain conditions, a company director owes duty to other persons and workers as well as creditors in a liquidated condition. Company managers have the obligation to manage organizations.

(a) Whether the Companies Act 2006 completely abolished the directors’
duties as they were developed in common law and equity; and

(b) Whether today there are certain duties, the scope of which is not
entirely clear, leaving Ola in an uncertain position as to the potential
personal liability for non-compliance.

Duties of Company Directors

Order 100% Free Essay on Company Law

According to the UK’s Company Law, a director owes his duties to the company to the benefit of members. Nonetheless, in certain conditions, a company director owes duty to other persons and workers as well as creditors in a liquidated condition. Company managers have the obligation to manage organizations.

(a) Whether the Companies Act 2006 completely abolished the directors’
duties as they were developed in common law and equity; and

(b) Whether today there are certain duties, the scope of which is not
entirely clear, leaving Ola in an uncertain position as to the potential
personal liability for non-compliance.

Duties of Company Directors

Order 100% Free Essay on Company Law