Acting as a director can be an onerous task never mind trying to stay on top of what your legal duties are as a company director. Managing risk and ensuring the company stays compliant with all requirements facing the company means boards should have regular training to keep them up to date with changes.
The Court of Appeal clarified handed down an important decision in an appeal case taken by the Director of Corporate Enforcement against a decision in Re Walfab Engineering Limited. The Court has re-affirmed that no material distinctions exist in the company law obligations of a director of any type of company regardless of the size