Skip to content
ACCA exam results — Are you ready?Chat about it >>

Ask the Tutor ACCA LW

Directors

XXX-XOXO15y ago
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?
MikeLittleMikeLittleTutor15y ago#1
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"
Sign in to reply to this topic.