The new Companies Act will have an enormous effect on the legal responsibilities of Company Directors. It is vital that they recognise how their role will significantly change - many of the provisions of the Act are being implemented soon.

This Act will have an enormous effect on the legal responsibilities of Company Directors.  Among the hundreds of changes there is a Statutory Statement of Directors' Duties which, combined with the new powers to bring derivative actions, is likely to lead to many more directors being sued.

This seminar will help Company Directors identify the provisions that specifically affect them.  It clearly demonstrates the impact that the new Act will have on Company Directors.

This seminar will ensure that Company Directors are fully aware of what will soon be the new legal requirements of their position. It also shows how Company Directors can work together to ensure good Corporate Governance.

The course answers the following questions.

• Which provisions of the Act specifically affect Company Directors?
• When will all the provisions be implemented?
• Which provisions are being implemented soon?
• Why are directors’ general duties being put into statutory law?
• How will directors’ duties differ from the present ones? 
• Why did directors’ general duties arouse so much controversy in Parliament? 
• What is the new law about disclosure of a conflict of interest by directors? 
• Is it true that directors will owe a duty to the environment?
• What is a Dirivative Action? 
• Is it true that a person will be able to buy one share then sue present and former directors in the name of the company? 
• What are the new restrictions on who can be a director? 
• How are directors’ service contracts affected? 
• What are the new rules on directors buying company assets? 
• How have the restrictions on company loans to directors been eased?
• Which extra people will be ‘connected to directors’ and therefore face restrictions?
• What changes affect the directors report? 
• Can directors avoid giving their addresses to Companies House? 
• Have AGMs been abolished in private companies? 
• Will proxy voting be compulsory in companies limited by guarantee? 
• Will private companies be able to give financial assistance for the purchase of their own shares? 
• What are the new rights for indirect investors? 
• What are the new extra rights for shareholders? 
• What is the new law about companies using e-mail and websites to communicate with their members? 
• What is the new time limit for directors to register a transfer of shares or refuse to do so? 
• Has the concept of ultra vires been abolished? 
• Do all the changes apply to existing companies as well as new ones?

This has now become a one-day seminar.  For details of the schedule of the one-day seminars please click here