CTC - Corporate Finance Training Programmes Companies Act 2006 Directors

An explanation of course levels:

Introductory: for those new to the subject.
Intermediate: for delegates with some prior knowledge of the subject.
Advanced: for delegates with substantial knowledge of the subject.
Update: for delegates with or without prior knowledge of the subject.

Companies Act 2006

Companies Act 2006: directors

The Companies Act 2006 makes major changes to company law. This course provides an overview of the more important changes and their practical implications in relation to directors and directors’ duties.

CPD: 3 hours

Level: updating

OBJECTIVES

This is an updating course covering the significant changes made by the Companies Act 2006. It includes a consideration of the consequences of the new statutory statement of directors’ duties and other changes in relation to directors and their interests, including action which companies need to take.

COURSE OUTLINE

Part 1. The new statutory statement of directors’ duties

What are the new duties and do they replace existing law?
The new law on conflicts of interest and disclosure of directors’ interests.
Consequences of breach of duty, including the new provisions for derivative claims by shareholders.
Ratification by the shareholders of breach of duty.
Action which companies need to take, including changes to articles of association and shareholder and board resolutions.

Part 2. A company and its directors

Eligibility and numbers of directors.
Changes to public information disclosure requirements for directors.
Substantial property transactions.
Loans and quasi loans.
Directors’ service contracts and payments for loss of office.