Directors’ duties: ignorance is no excuse! | Rix & Kay Solicitors LLP

Directors’ duties: ignorance is no excuse! | Rix & Kay Solicitors LLP

Did you know that all directors are subject to duties? Directors of companies are subject to clear duties to their companies, under statutory company law but also under “common law” – i.e. the law as it has developed over centuries. A recent case has emphasised very clearly that those duties apply irrespective of whether or not the director in question is active in running the company. Moreover, being inactive as a director is – far from being a…