The following Corporate practice note provides comprehensive and up to date legal information covering:
BREXIT IMPACT: The information to be given when appointing a corporate director will be affected by Brexit. For further details, see Impact of Brexit on appointment of corporate directors below.
This Practice Note focuses on the law and practice relating to the appointment of directors and how a director can retire or resign. It examines the role of a director and the different types of director. It also covers the notifications and other steps that are required when there is a change of director, such the need to update the statutory registers and make filings at Companies House. It considers the relevant provisions of the Companies Act 2006 (CA 2006) and a company’s articles of association.
This note also covers the additional provisions relating to the appointment, retirement and resignation of directors of listed public companies including the UK Corporate Governance Code (UKCG Code), which applies to UK and overseas companies with a premium listing of equity shares in the UK.
A director may also be removed or dismissed. The removal of a director is covered in a separate Practice Note: Removal of a director.
In basic terms, the directors of a company are responsible for the day-to-day management of the company. The directors make decisions on behalf of the company in order that it can carry on its business, including making decisions relating
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