Company Directors’ Responsibilities
Company directors' responsibilities are wide and diverse. Their duties arise primarily from two sources: statute (Acts of the Oireachtas and other legislation e.g. EU Regulations) and common law.
A director on appointment consents to the role and signs a statement to the effect that "I acknowledge that, as a director, I have legal duties and obligations imposed by the Companies Act, other statutes and at common law". It is the duty of each director of a company to ensure that the Companies Act is complied with by the company.
Directors’ common law duties can be summarised into three principles:
Duties as a company officer under the Companies Acts;
Company Secretaries’ Responsibilities
A company secretary’s main functions are to oversee the company’s day to day administration.
Their main statutory duties include:
Their main administrative duties include:
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New Guidance Available
The ODCE has issued:-
7 new information booklets, and
10 new Quick Guides based on the Companies Act 2014.
The ODCE remain available to speak, free of charge, to interested groups on company law topics.