Episode 71: Director’s Duties
March 13, 2023
Hands up who is a Company Director? This is a MUST listen episode for you. Many people sign on to being a new Company Director because their Accountant/Lawyer/Spouse told them they needed to. But many are unaware of the implications of doing so. In this episode we chat with special guest Harry Croft of Studio Legal on what exactly are the responsibilities of a Company Director, what are the potential liabilities and where it can go wrong. The Director's Duties are enshrined within law and thus not only can there be civil penalties there can also be criminal charges for directors doing the wrong thing. This is a particularly important topic for those who are signing on as a director to an existing business where you may not have the knowledge of the day to day operations of a business.
Podcast Transcript Available Here
Duration: 25:12
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Just two industry experts (and guests) having a friendly chat and sharing our knowledge. We aim to raise your knowledge base and dis-spell any myths surrounding finance. tax and a range of other financial topics.
This is a safe space to ask questions and hear useful info on financial matters.
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DISCLAIMER- The information and material in this podcast, and supplementary and associated information available, is for general information only. It should not be taken as constituting professional advice from the podcast owners, and we recommend you seek independent suitable advice that is specific to your unique circumstances.