what is a company director?

In this guide, we look at what is a company director in relation to a UK Limited company.

basic
  • Company directors are the people responsible for the day to day running of a Limited company
  • A company director does not own the company. The shareholders own the company (could be the same person)
  • Anybody over the age of 16 may be a company director
I wont own the company, but I will be a Director and run it
the job of a director
  • The company director is responsible for the management and running of the company
  • Legally you must attempt to make the company successful and act in the interests of the company
  • You are legally responsible for the company. If the company breaks the law, you can be held accountable
I am responsible for making sure the company is successful and does not break the law
who can be a director
  • You must be over 16 to become a company director
  • You may not be a director if there is a legal measure preventing you. This can happen if you have been involved in illegal activities or if you have mismanaged a company
  • Undischarged bankrupts can generally not become company directors
This is my first company and I have never been bankrupt. I am fine to become a director
powers of a director
  • The powers and responsibilities of a director are company specific
  • They should be defined in the company's Articles of Association
  • The directors are generally empowered to act on all matters on behalf of the company, though some matters may require a general meeting and shareholder voting
I am ready for the power and responsibility of becoming a company director
types of director
  • Managing director, creative director, operations director....what is the difference?
  • The director part is significant as it creates your responsibility for the company
  • The flavour of director is arbitrary and is used semantically to describe a role; they have no formal legal basis unless defined in your companies Articles
I will be the Energy Release Director
director privacy
  • Directors are recorded at Companies House as the role makes you a member or officer of the company
  • Your home address, age, occupation are available to anybody
  • You may use a directors service address to protect your home address information
I am aware my personal information, including my age, will be held on the public register

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