Directors & Shareholders
Advice regarding directors’ duties
Speak to our For Business team
Advice regarding directors’ duties.
It’s relatively easy to become a director. However, it is important that directors are aware of the statutory duties that regulate their activities. We can provide advice regarding directors’ duties either in general terms or in relation to specific matters.
Although the Companies Act provides shareholders with some general rights, these are not necessarily easily exercised or particularly practical. Accordingly, shareholders might want to enter into a Shareholders Agreement or put in place a bespoke set of Articles of Association that set out the rights and obligations of the shareholders in more specific terms.
Having a detailed Shareholders Agreement and Articles of Association in place does not guarantee that the shareholders will always get on well, but at least it provides some default procedures should a dispute arise or if there is a parting of the ways.