Top brass: Spotlight on company directors' duties

With 82% of authorised firms having less than three advisers, we regularly see overlap between the directors, shareholders and employed advisers of such firms. The duties owed to a company by its shareholders, employees and directors are distinctly separate, and therefore it is important to be aware of the duties owed to the company in these different capacities. By far the most onerous are those of the directors of a company.  As a director of a UK company, the Companies Act 2006 imposes certain general duties on you:  To act within their powers (section 171)  Directors must...