Role of directors
In this lesson, you'll learn what directors actually do and why their role matters in company law. We cover the legal definition of a director under the Companies Act 2006—which is based on what you do, not your job title—and explore the key responsibilities directors hold, from managing accounts and financial
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In this lesson
- 0:00 Company Directors Overview
- 0:40 What Defines a Director Functionally
- 2:22 Director Responsibilities and Requirements
- 3:59 Types of Directors Explained
- 6:40 Shadow Directors and Conflict of Interest
- 8:06 Executive vs Non-Executive Directors
About this lesson
statements to convening shareholder meetings and recommending dividends. You'll also discover the different types of directors you need to know for your exam: de jure directors (officially appointed and registered), de facto directors (who act like directors without formal appointment), shadow directors (who influence decisions from the background), and the distinction between executive directors (day-to-day operational roles) and non-executive directors (who represent shareholder interests). Understanding these distinctions is crucial because they determine who is legally bound by director's duties and personal liability—a key concept tested in Corporate and Business Law.
Duration: 9m
Transcript
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