What Are The Responsibilities of a Limited Company Director?
Legal obligations of a Limited Company Director
One of the primary responsibilities of a limited company director is to ensure compliance with company law and regulations. This involves staying updated on the legal obligations placed upon the company and its directors, and taking necessary steps to fulfil these obligations. Directors are required to act within the confines of the law and make decisions in the best interests of the company and its shareholders.
Another essential legal obligation is the management of the company’s finances and financial reporting. Directors must maintain accurate and transparent financial records, ensuring that proper accounting practices … Read the rest