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ARTICLE · 20 JANUARY 2009

Director´s Duties and Responsibilities

Dillon Eustace
Dillon Eustace
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The duties owed by Directors to their company are many and diverse. The overriding principle of Company Law is that a Director's duties are owed in the first instance to the company and not to the individual shareholders or employees.

IrelandCorporate/Commercial Law
Dillon Eustace
Dillon Eustace
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Originally Published In March 2008

  1. Introduction

    The duties owed by Directors to their company are many and diverse. The overriding principle of Company Law is that a Director's duties are owed in the first instance to the company and not to the individual shareholders or employees. These duties are derived from various sources including common law, case law, legislation and the articles of association of the company concerned. A brief summary is set out below.

    It should be noted that no distinction is made in the Companies Acts 1963- 2006 (the "Companies Acts") between Executive and Non Executive Directors, in terms of appointment, removal or duties and responsibilities. This is examined in more detail under the heading Categories of Directors.

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