01: Introduction

Often individuals accept appointment as a company director without completely understanding of the duties the role involves. Such ignorance can be costly, because the penalties on a director for failing to meet their responsibilities can be severe.

This briefing is designed to be a general guide to the potential pitfalls you face as a company director and how to avoid them. By its very nature, this booklet cannot be comprehensive, but it does highlight the main areas of risk and where advice is necessary.