Directors & Duties
There are certain rules and regulations you must comply with when you become a company director. All limited companies must be registered with Companies House and directors must follow the Company's articles of association (rules about how the company is run) and Memorandum of Association - a legal statement signed by all initial shareholders as well as the Company's Act 2006 and related legislation.
Our Corporate team can talk you through the do's and don'ts of setting up a Limited Company and the various obligations that company directors must adhere to.
Along with the Articles of Association, a shareholders' agreement sets out the 'internal rules' by which a company is run. Matters such as issuing new shares, selling assets and appointing directors should all be set out in the agreement.
Our Corporate team can support you in drafting all the terms and conditions you need when setting up your business, and as your business grows, ensure they still meet the needs of all your shareholders.
Anti-bribery & corruption laws
It is illegal to offer, promise, give, request, agree, receive or accept bribes. You should put in place an anti bribery policy if someone within your business could be exposed to or at risk of being bribed. The policy should include the business's approach to reducing and controlling the risks of bribery, rules about accepting gifts, hospitality and donations, guidance on how to conduct business negotiations an rules on avoiding or stopping conflicts of interest. We have a great deal of experience in supporting companies write and enforce anti bribery policies and would be happy to talk you through the options.