ABSTRACT
Appointment * first directors appointed by subscribers to memorandum * subsequent appointment In accordance with company’s articles of association * s 157 - a director must be at least 16 years of age
May be subject to disqualification * Company Directors Disqualification Act 1986 * Undischaraed bankruDts
Types
■ Executive and non-executive directors ■ Managing Director (Chief Executive) • The Chairman ■ De jure, de facto and shadow directors ■ Uncertainty over what duties are owed by a shadow director:
Ultraframe (UK) Ltd v Fieldina (2005): Vivendi (SA) v Richards (20131
have two. Every company must have at least one director that is a natural person; a corpor ate director cannot be the sole director.
