Many non-executive directors (NEDs) do not appreciate that in law their responsibilities as directors – as well as their rights – are exactly the same as ‘full-time’ directors.
When a company fails, NEDs can find themselves facing unexpected criticism for failing in their duties as directors. In some cases, this can lead to a fine or even a ban from acting as a director of UK companies.
Click here for further details about company law and the rights and responsibilities of directors.
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