The Directors checklist to staying out of trouble with the Director of Corporate Governance!

Posted in Company Secretarial, Our Blog

The 8 main rules of Directors are to:

  1. Act in good faith and always act in what the directors consider to be in the company’s best interest.
  2. Act honestly and responsibly in the company’s affairs.
  3. Act in accordance with the Memorandum and Articles of Association and exercise powers accordingly.
  4. Not use company property for own or others use unless approved by the members.
  5. Avoid conflicts of interest unless approved by the members.
  6. Exercise care, skill and diligence in their dealings on behalf of the company.
  7. Have regard to interests of members.
  8. Ensure all filings with the Companies Registration Office and Revenue Commissioners are up to date and paid.

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