Legal Obligations and Standards for Directors, Trustees and Members of Boards of GovernorsPosted in : Immigration and Employment Updates on 20 October 2015
As society becomes ever more regulated, it is easy to forget the burgeoning amount of legal obligations impacting on organisations in the private and third sectors. It is important for all company directors, charity trustees and members of boards of governors to be aware of these legal obligations and the standards they are required to meet.
The conduct of directors is strictly regulated by the Companies Act 2006 (“the Act”). All directors must display a general level of knowledge, skill and experience that is reasonably expected of a person carrying out the functions of a director. However, if the director has any specialist knowledge then a higher subjective standard must
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This article is correct at 20/10/2015
The information in this article is provided as part of Legal-Island's Employment Law Hub. We regret we are not able to respond to requests for specific legal or HR queries and recommend that professional advice is obtained before relying on information supplied anywhere within this article.