Directors' Duties Under the 2006 Companies Act [Brian McLelland (Business Lawyer)]

The Companies Act 2006 was designed to modernise British company law, making it 'fit for purpose' for the 21st Century. In particular, there are several changes which affect directors. As of 1 October 2007, the duties of directors are, for the first time, specifically defined. They are: · (S 171) The duty to act within their powers (the d...

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