A company director should make decisions based on the best interests of the company and for the benefit of the members over any personal interests. You should aim to make the company successful and sustainable avoiding any conflicts of interest.
Maintain accurate records
As a company director, you should maintain accurate records. The accounts should provide ‘a true and fair’ view of the finances of the company. The director is responsible to update Companies House or any other relevant authority regarding any changes to the appointments or structure of the company.
There are several responsibilities to consider as a company director and this list is not exhaustive. You should also have an understanding of employment law and the health and safety act. SFS has provided this guide as a general overview only. If you require further guidance contact Companies House on 0303 1234 500.