Leadership theory

Company law

Further guidance on the roles and responsibilities of directors is given in company law documentation such as the Companies Bill (http://www.dti.gov.uk/companiesbill/) and Company Law Review (http://www.dti.gov.uk/cld/final_report/index.htm). This guidance relates primarily to the legal responsibilities of directors in relation to filing reports.

In a review of the responsibilities of directors, Companies House (Directors and Secretaries Guide, 2002 - http://www.companies-house.gov.uk) states that “every company director has a personal responsibility to ensure that statutory documents are delivered to the Registrar as and when required by the Act. In particular:

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  accounts (only for limited companies);
  
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  annual returns;
  
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  notice of change of directors or secretaries or in their particulars ; and
  
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  notice of change of registered office.
  

The legal responsibilities of directors are primarily related to:

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  Monitoring
  
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  Review
  
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  Risk management • Auditing
  
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  Etc.
  

It is important to note that these are legal obligations and so represent minimum standards rather than best practice.

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