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ARTICLE · 05 AUGUST 2022

Director Responsibilities & Misconceptions

CYAUSE Audit Services Ltd
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The article intends to provide knowledge to the average reader in a summarised and simplified manner regarding the Company's Director's responsibilities.

CyprusCorporate/Commercial Law
Kyriakos Tramountanellis
Kyriakos Tramountanellis
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The article intends to provide knowledge to the average reader in a summarised and simplified manner regarding the Company's Director's responsibilities.

According to legislation - Who is a Director?

  • A director is a person appointed by the shareholders according to the articles of association and applicable laws and regulations, and/or
  • A person who is acting in the shadows but is giving instructions to others, and/or
  • A person that has been appointed by the shareholders but for various reasons does not appear on the Cyprus Registrar of Companies.

Section 2(1) of the Cyprus Companies Law, Cap113 states that “…a director includes any person occupying the position of a director by whatever name called”

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