Government issues statement on directors’ duties under Companies Act 2006

This summer the Department for Business, Enterprise and Regulatory Reform (BERR) (formerly the DTI) published a statement giving guidance on directors’ duties under Part 10 of the Companies Act 2006.

The guidance sets out some useful excerpts from Hansard to illustrate the background and effect of codifying directors’ duties, statements on specific duties, the ability to indemnify directors and the application of directors’ duties to shadow directors. The statement can be down-loaded from BERR’s website.