Roles and responsibilities of a board of director course

Roles and responsibilities of a board of director course on 30th May to 3rd June 2022

Course calendar

Introduction

Under the general law, directors have duties that are based on the relationship they have with the organization. This is a special relationship based on trust; a relationship akin to being the trustee of someone else’s money, and for this reason, directors’ duties are sometimes called ‘fiduciary duties.

Directors’ duties are usually also set out under statute, though the way this is done will depend on how the organization is incorporated.

Duration

5 Days

Who Should Attend

Board of directors

Objectives of the Course

• To understand fully the roles and responsibilities of a director

Course Outline

What does a board actually do?

• The role of the board
• The Senior Managers Regime
• How are directors appointed
• What are the key qualities of an effective Director
• What is the precise role of an executive Director
• What is the precise role of a non-executive Director
• What are the responsibilities of a Director
• What are the responsibilities of a non-executive Director
• How are these roles and responsibilities carried out effectively
• Who holds the board to account
• Who actually runs the business
• How can non-executives challenge the business
• Measuring board effectiveness
• Recovery and resolution planning
• Active and passive directors’ responsibilities
• Transactions with directors:
  • Substantial property transactions
  • Loans
  • Service contracts
• Dealing with conflicts
• The range of other responsibilities attached to directors, for example
  • Company Accounts
  • Health & Safety
  • Employment Law
  • Competition Law
  • Fraud
  • bribery
• What shareholders can do to hold directors to account
• Possible reliefs and protections for directors

 What happens when things go wrong

• How does the board spot this
• What are the signs of things going wrong
• An analysis of what constitutes “Unfit” conduct
• Practice and Procedure in the disqualification arena
  • Likely length of disqualification
  • Exceptions
  • The Insolvency Service approach to enforcement
• Consequences of Disqualification Orders or Undertakings
• Wrongful trading:
  • What needs to be proven
• Misfeasance and other breaches of duty
• Tips and tactics on how to prevent liability