Directors' duties

There is no doubt that during difficult economic times, one consequence is inevitable: more regulation of company directors.

With the relatively new Companies Act 2006 and a growing mass of case law governing the newly-codified general duties of directors, the obligations of directors is in the spotlight.

Simon Graham, a consultant in Wragge & Co's Corporate group, has written an article giving a summary of the role of directors' duties in the current market, possible reform proposals and the expected next steps.