Many businesses are continuing to struggle as a result of the ongoing pandemic and while many will bounce back, unfortunately others may struggle. If your company’s solvency is at risk or could be in the future, as a director there are various legal issues and responsibilities you need to be aware of.

Here we take a look at directors duties.

What are director’s duties?

Generally, its directors owe the following duties to a company:

• to act bona fide in its interests

• not to act for any personal or collateral purpose