Duties & Responsibilities of Directors in Europe
With increased consolidation of business across Europe, executives of multinational groups can find that they are required to become directors of companies in a variety of jurisdictions, often at short notice. The rules relating to directorships vary considerably from jurisdiction to jurisdiction. This guide is intended to provide an overview of the duties and responsibilities of directors across 21 jurisdictions* in Europe, answering the most frequently asked questions for directors coming from another jurisdiction.
In many jurisdictions, there are various forms of company available, and there are different rules for directors according to the type of company used. This guide looks at key issues in each country, focusing on the most common form of company, and on the rules which apply to executive/managing directors.
For each of the jurisdictions we cover the following key question areas: eligibility requirements, method of appointment, method of removal, authority and representation, working rules of the board, contractual relationship with the company, conflicts of interest, duties of a director, liability, limitation of liability, immigration issues, taxation and social security.
You can download a PDF of this guide here.