Directors are responsible for the day-to-day management and strategic direction of a company, exercising powers given by the articles of association and company law. A solicitor assists with appointing and terminating directors, handling board resolutions, ensuring compliance with Companies Act matters, preparing notices of meetings, and addressing duties around fiduciary responsibility, conflicts of interest, and financial reporting. They also advise on risk around insolvency, corporate governance, and regulatory investigations.
What a solicitor handles in these matters
The solicitor clarifies fiduciary duties, directors’ duties under the Companies Act 2006, and the consequences of breaches, including potential civil liabilities. They draft or review resolutions, service of process, and disclosures to Companies House, and help navigate issues like disqualification risk and duties during corporate restructures or insolvency proceedings. They also coordinate with auditors, shareholders, and regulators to maintain compliant governance.
