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Director in United Kingdom

Definition of Director

In accordance with the work A Dictionary of Law, this is a description of Director :

An officer of a company appointed by or under the provisions of the *articles of associatio Directors may have a contract of employment with the company (service directors and *managing directors) or merely attend board meetings (nonexecutive directors). (See also shadow director). Contracts of employment can be inspected by company members; long-term contracts may require approval by ordinary resolution.Usually, general management powers are vested in the directors acting collectively, although they may delegate some or all of these powers to the managing director. Directors act as agents of their company, to which they owe *fiduciary duties (in the performance of which they must consider the interests of both company members and employees) and a *duty of care. Transactions involving a conflict between their duty and their personal interests are regulated by the Companies Acts. Directors can be dismissed by *ordinary resolution despite the terms of the articles or any contract of employment, but dismissal in these circumstances is subject to the payment of damages for breach of contract. Under the Company Directors Disqualification Act 1986, directors may be disqualified for *fraudulent trading or *wrongful trading and conduct that makes them unfit to be concerned in the management of companies.

Remuneration of directors for their services may be due under a contract of employment or determined by the general meeting. Particulars appear in the *accounts.

Formalities of Company Directorship

For how long do directors hold office?

Find under this subsection information about For how long do directors hold office? in relation to Formalities of Company Directorship.

Company Directors’ powers

Other categories of directors

Find under this subsection information about Other categories of directors in relation to Company Directors’ powers.

Directors as agents

Other directors

Find under this subsection information about Other directors in relation to Directors as agents.

Articles of Association: The objects of the company

Powers of directors to bind the company

Find under this subsection information about Powers of directors to bind the company in relation to Articles of Association: The objects of the company.

Company Directors’ powers

The ordinary director

Find under this subsection information about The ordinary director in relation to Company Directors’ powers.

Company Directors’ duties in General

To whom are the duties owed?

Find under this subsection information about To whom are the duties owed? in relation to Company Directors’ duties in General.

Introduction

Company Directors’ powers

Company Directors’ duties in General



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(2016, 03). Director lawi.org.uk Retrieved 06, 2021, from https://lawi.org.uk/director/

03 2016. 06 2021 <https://lawi.org.uk/director/>

"Director" lawi.org.uk. lawi.org.uk, 03 2016. Web. 06 2021. <https://lawi.org.uk/director/>

"Director" lawi.org.uk. 03, 2016. Accesed 06 2021. https://lawi.org.uk/director/

Agostino Von Hassell, 'Director' (lawi.org.uk 2016) <https://lawi.org.uk/director/> accesed 2021 June 16

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Schema Summary

  • Article Name: Director
  • Author: Agostino Von Hassell
  • Description: Definition of Director In accordance with the work A Dictionary of Law, this is a description of Director : An officer of a [...]

This entry was last updated: March 28, 2016

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