The Companies Act 2006 sets out 7 key duties of directors; the standards that all directors of companies are held to. A company is either formed with a board of directors or as a sole founder develops their business, additional directors are appointed. Each director has duties they owe to the Company, but what are they and why are they important?
In the second session of our “Law for Startups” series with Shainul Kassam, we dived deeper into the duties of a director.
What you’ll learn:
- The different types of directors
- The different roles of directors including executive directors, NEDs, the Chair and the Investor Director
- Why the 7 duties need to be complied with
- How the 7 duties ensure effective decision making
- How compliance protects directors in the event of a shareholder or director dispute
Shainul Kassam is a corporate lawyer and founder of boutique law firm Fortune Law specialising in advising entrepreneurs on commercial and corporate law matters. Her expertise covers general start-up advisory, M&A, fundraising, and conflict resolution involving sensitive boardroom issues, international shareholder and partnership disputes. She is committed to advising early-stage and growing businesses both as lawyer and educator. She is an Honorary Practice Fellow of Imperial College, London where she teaches her own course “Law for Entrepreneurs” on Imperial’s Executive MBA.
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