From 1 October 2009, the Companies Act 2006 will be fully implemented and included within the Act are the new sections 240-246 relating to Director's residential addresses and their protection from disclosure.

The Enterprise Management Incentives Scheme (the "EMI") was introduced in the Finance Act 2000. It aims to assist small high-risk trading companies in attracting and retaining key employees and to reward those employees for taking the risk to work for such companies.

The purpose of this article is to brief the owner-manager on the duties and liabilities of a Director whose company is in financial difficulty.