A company director is a person appointed, usually by the members of a company, to manage the company on their behalf. The term “director” has no specific meaning but is defined under Section 2(1) of the Companies Act, as follows: ‘director’ “includes any person occupying the position of director by whatever name called”. Accordingly, a director is recognised not merely by his or her title but principally by his or her function, which depends on the nature of the company.

The primary function of the directors is to manage the business of the company on behalf of the members.

Company Director Requirements

  • Directors must be a minimum of 18 years old
  • An undischarged bankrupt
  • Resident in the EEA
    • The EEA consists of the 28 member states of the EU, (Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom), plus Iceland, Liechtenstein and Norway.
  • In absence of a director resident in the EEA a company may Insert Link
    • A Non-Resident Bond to cover any fines or penalties imposed under Company Law or Tax Law
    • A Real and Continuous Link Certificate
  • Not have more than 25 directorships

Director Duties

The Companies Act 2014 set out the duties and responsibilities for Company Directors and all directors should be aware of what they are legally obliged to comply with. For more information on directors duties click here

How Can CLS Help

We are a team of ICSA Qualified Chartered Secretaries and have the necessary skills and knowledge to assist any company with their company secretarial requirements. These can include acting as the named company secretary, attending board meetings and recording minutes of meetings, provision of annual company secretarial compliance, drafting company secretarial documentation or answering company law queries. If you require assistance with anyone of these services or have any queries please contact one of the team on 059 9186776 or send us an email.

Please Note:

Our CLS Insights aims to bring you practical information and news on Company Law and Company Secretarial. We cover the topics that matter to your business and give practical tips and also the benefit our experiences. Please remember this article is a guide and legal advice should always be obtained. If you have any queries please contact one of the team and we would be happy to help.

 

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