The Concept of Individual and Collective Responsibility
Directors have (both collectively and individually), a continuing duty to acquire and maintain a sufficient knowledge and understanding of the company’s business to enable them to properly discharge their duties as directors.
In larger companies this requires detailed reporting structures and management processes to ensure that at every level there is accountability which goes up through the chain of command.
In assessing the question of unfit conduct, when faced with a director disqualification claim, the Court will look at the size and type of the business and the experience of the person, his / her role in the business and duties and responsibilities assigned to that person. Therefore, whilst the role of director is universal, the Court will consider the actual roles and responsibilities of each individual director as well as their overall corporate governance responsibilities.
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Francis Wilks & Jones is the county’s leading legal firm of director disqualification solicitors. We are genuine experts in what we do with a combined experience of over 50 years in all types of director disqualification claims. One of our friendly expert solicitors can help you now with a consultation.
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