Directors managing their company must do so in accordance with the company's articles of association and ensure that the company complies with its numerous statutory obligations.

From 1 October 2008, the prohibition of financial assistance by a private company for the purchase of shares in itself or its holding company has been abolished.

A guide to the duties of directors.

The general duties that directors are bound by can largely be found in sections 171-177 of the Companies Act 2006 (the CA 2006).

The government has recently enacted legislation requiring larger companies to adopt stronger corporate governance arrangements and improve their engagement with employees, customers, suppliers and other stakeholders.

All directors of public and private companies incorporated in England and Wales are subject to certain duties and responsibilities under English law.

Until recently, matters relating to directors' duties and liabilities as well as corporate governance, (for larger private companies and listed companies) were seen as dull and of no real interest to many/most directors.

The Companies Act 2006 (the "2006 Act") brought about the most significant changes to company law in over 20 years.

The regulations introduce six main new reporting requirements.

The Government announced last year, in response to its green paper on corporate governance reform, that new legislative measures would be introduced to improve and strengthen the existing corporate governance regime...

Large private limited companies have been subject to political scrutiny for some time as the Government has tried to assess what regulatory framework should apply to them.

The collapse of BHS led to the loss of 11,000 jobs and put 20,000 pensions at risk.

In Levitt v. J.P. Morgan Securities, Inc., No. 10-4596, 2013 WL 1007678, the United States Court of Appeals for the Second Circuit reversed a district court order certifying a class of shareholder fraud plaintiffs in a lawsuit against J.P. Morgan Securities, Inc. and J.P. Morgan Clearing Corporation.

The recent tailings dam collapse at Jagersfontein in South Africa, which killed one and displaced hundreds has put the spotlight on the need for companies in the extractives industry...

Changes will be made to the UK corporate governance framework following publication in August 2017 of the Government's response to its November 2016 green paper on corporate governance reform in the UK.

On 25 October 2018, Practical Law published the results of a poll of FTSE 100 companies, summarising how the sampled companies proposed to comply with amendments introduced by the U.K. Corporate

Regulations have been made to extend the identity verification (IDV) regime to further types of legal entity, namely limited liability partnerships (LLPs), overseas companies and unregistered companies.

An English company has the powers given to it by law and by its Memorandum of association (the ‘Memorandum of Association’), which sets out the objects of the company

Until now, in the UK only publicly quoted companies have had to select and report against a corporate governance code.

If you are considering becoming a director of a company, or already are one, it is crucial that you understand what your director duties are and how they affect you, as there can be serious