Directors Responsibilities
This is can also be part of SCCI Leading Constant Change Toolkit
All directors are bound by the Companies Act, triangulated with their company Articles, and the growing number of Legal Acts that compel compliance, or face penalties both financial and imprisonable. Directors, whether they be executive, non-executive, shadow/non statutory, need to understand their obligations, powers and responsibilities in this fast-paced business environment. Avoid having the Limited Liability removed, opening the door to attack on your personal assets, by learning and adopting the rules, behaviours and approaches that will protect you and your company.
The toolkit provides specific skills that are needed to navigate the changing business landscape, and gives the leaders the best possible chance to steer the company, provide structure within change, and to be able to thrive and sustain their operations in extreme and challenging times.
With unprecedented levels of change forced upon businesses, and the prospect that this will only get faster, it is imperative at address the cornerstones that will support your business, avoid the pitfalls, and allow flexible management, to ensure sustainability of your business.