Contract of director's service
Directors are not employed automatically. Based on s228 Companies Act 2006, terms of contract should be available for inspection. Based on s188 Companies Act 2006 terms of office longer than 2 years need approval from members.
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Director's disqualification
Director's disqualification is due to the undischarged bankruptcy or under the Company Director Disqualification Act 1986 Appointment of directors.
First director appointed by subscribers to the memorandum. Subsequent appointment referred to the Company Article of Association. The main requirement is for the director to be at least 16 years of age as in s157 Companies Act 2006. Types of Directors :
-chairman -executive and non executive directors -managing director ( chief executive officer) -de jure director -de facto director -shadow director ( uncertainty in defining the duties as in Vivendi (SA) v Richards [2013] and Ultraframe (UK) Ltd v Fielding [2005] |
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