Directors

Directors

1. Appointment

   • Who can be a director?
     • Natural persons
     • +16
       • s157
     • Companies
     • Partnerships
   • Who cannot?
     • undischarged bankrupts
       • CDDA s 11
     • Disqualified under CDDA
     • Underage
       • certain exemptions
     • Auditors
   • Practicalities
     • Registration Application
     • method specified in articles
       • by members at general meeting
       • must be intimated to Registrar
       • by directors until next AGM
     • Plc?
       • must vote separately
         • s160
     • defective?
       • acts still valid
         • s161
     • disclosure
       • names/past names
       • service address
       • nationality
       • occupation
       • DOB
       • Quoted?
         • shareholdings info to FSA

2. Types

   • Managing
   • Executive
   • Non-Executive
     • Senior advisor
   • Chairman
   • Alternate
     • Absence at meeting
   • Nominee
     • Absence at meeting (Non Executive)
   • De Facto
     • Acts/treated like director
       • Mumtaz Properties
   • Shadow
     • Controls company
     • Not treated as director
     • Yukong v Rendsberg

3. Termination of office

   • death
   • expiry of contract
   • breach of contract
   • bankruptcy
   • insanity
   • resignation
   • retirment
   • dismissal
     • companies Act s168
     • ordinary resolution with special notice
       • 28 days
     • right of protest
     • cannot be written resolution
       • s288(2)(a)
   • disqualifcation
     • Company Directors Disqualification Act
     • grounds
       • offence related to management
       • promotion of company
         • s2
       • breach of company legilsation
         • s3,5
       • fraud in winding up
         • s4
       • unfitness
         • s6
         • Lo-Line Electronics
           • mere incompetence not enough
         • Barings V Baker
           • gross incompetence acceptable
           • bankrupt company through wrongful trading
       • wrongful trading
         • s10
       • undischarged bankruptcy
         • s11
         • Rv Borckley
           • ignorance no excuse
     • Resigtered
     • Parkhouse Properties
       • no management
         • Still liable
     • Moorgate Metals
       • Disqualified
         • liable