Directors’ Duties - Latest Lessons
Directors are subject to statutory and non-statutory duties which they owe to their company. Over time, caselaw has given directors and those that advise them some context as to how these duties should be applied in practice.
The House of Commons Committee reports on what went wrong at Carillion and Thomas Cook provide an opportunity to assess directors’ duties in action and to learn lessons about what went wrong. These reports are the ultimate case studies, invaluable for delegates who are directors wishing to understand their duties in a practical context and for company secretaries or legal advisers looking to provide impactful boardroom training.
This webinar will also consider the recently revised guidance on directors’ duties from Governance Institute ICSA, as well as a holistic review of current guidance, ensuring delegates are up to date with the latest views on directors’ duties.
What You Will Learn
This webinar will cover the following:
- A brief refresher on directors’ duties
- Utilising the House of Commons reports, transcripts and recorded interviews:
- A summary of what the reports consider went wrong at Carillion and Thomas Cook
- Specific examples of where the reports found behaviour that breached or may have breached directors’ duties
- Key lessons directors could learn from this analysis
- ICSA’s August 2020 guidance on directors’ duties
- A round-up of other useful guidance and reference materials - for example, from the GC100
This webinar was recorded on 18th January 2021
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