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  2. Directors' duties in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Directors'_duties_in_the...

    In carrying out their functions, directors (whether formally appointed, de facto, or "shadow directors" [1]) owe a series of duties to the company. [2] There are presently seven key duties codified under the Companies Act 2006 sections 171 to 177, which reflect the common law and equitable principles.

  3. United Kingdom company law - Wikipedia

    en.wikipedia.org/wiki/United_Kingdom_company_law

    Corporate governance in the UK mediates the rights and duties among shareholders, employees, creditors and directors. Since the board of directors habitually possesses the power to manage the business under a company constitution, a central theme is what mechanisms exist to ensure directors' accountability.

  4. Directors' duties - Wikipedia

    en.wikipedia.org/wiki/Directors'_duties

    Directors' duties are a series of statutory, common law and equitable obligations owed primarily by members of the board of directors to the corporation that employs them. It is a central part of corporate law and corporate governance .

  5. Attribution of liability to United Kingdom companies - Wikipedia

    en.wikipedia.org/wiki/Attribution_of_liability...

    Without lifting the veil there remains, however, no personal liability for directors or employees acting in the course of employment, for corporate manslaughter or otherwise. [13] The quality of a company's accountability to a broader public and the conscientiousness of its behaviour must rely also, in great measure, on its governance.

  6. Companies Act 2006 - Wikipedia

    en.wikipedia.org/wiki/Companies_Act_2006

    Long title: An Act to reform company law and restate the greater part of the enactments relating to companies; to make other provision relating to companies and other forms of business organisation; to make provision about directors’ disqualification, business names, auditors and actuaries; to amend Part 9 of the Enterprise Act 2002; and for connected purposes

  7. Corporate veil in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Corporate_veil_in_the...

    Most companies adopt limited liability for their members, seen in the suffix of "Ltd" or "plc".This means that if a company does go insolvent, unpaid creditors cannot (generally) seek contributions from the company's shareholders and employees, even if shareholders and employees profited handsomely before a company's fortunes declined or would bear primary responsibility for the losses under ...

  8. Corporate law - Wikipedia

    en.wikipedia.org/wiki/Corporate_law

    Corporate governance in the UK mediates the rights and duties among shareholders, employees, creditors and directors. Since the board of directors habitually possesses the power to manage the business under a company constitution, a central theme is what mechanisms exist to ensure directors' accountability.

  9. Company Directors Disqualification Act 1986 - Wikipedia

    en.wikipedia.org/wiki/Company_Directors...

    A court may, and under section 6 shall, make against a person a disqualification order, for a period specified in the order, providing that: he shall not be a director of a company, act as receiver of a company’s property or in any way, whether directly or indirectly, be concerned or take part in the promotion, formation or management of a company unless (in each case) he has the leave of ...