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Directors

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Directors

  • This topic has 1 reply, 2 voices, and was last updated 14 years ago by MikeLittle.
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  • May 20, 2011 at 10:54 am #48505
    myaccca
    Member
    • Topics: 8
    • Replies: 79
    • ☆☆

    Hi,
    Do Finance director or a Sales director has a responsibilities for the directors duty?
    or are they a just employees of the company just like others?

    May 23, 2011 at 3:38 pm #81890
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    any director ( even if they don’t carry the title “director” but they act as though they were to the outside world with the knowledge of the Board ) is fully liable as though they had been correctly appointed.

    The Companies Act defines a “director” as “anyone who occupies the position of director, by whatever name called” ie, no matter what their official title, if they act as a director, then they are a director.

    Further, the title of “director” applies equally well to “shadow directors” – “those people in accordance with whose instructions the directors are accustomed to act”

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