Directors are the people who have responsibility for the legal operation of the company. If a company defaults on its legal obligations it is the directors who are held responsible on the company’s behalf. This means that it is every director’s personal responsibility to ensure that all necessary documents are delivered to Companies House as required under the Company’s Act.
Directors also determine company policy and who must sign for any changes to the company’s constitution. In a private limited company, Directors can decide who may own shares in the company.