Director Duties, Roles and Responsibilities Course

Director Roles and Responsibilities Course

Chartered Management Institute Recognised Director Training Courses and Workshops

Professional Directors Association Authorised Courses

Institute of Leadership and Management Approved Training Centre

2024 Corporate Governance Code Revisions – Effective 2025

The 2024 UK Corporate Governance Code was published on 22 January 2024. There are a few key issues. The main one being Provision 29 , which requires the Board to make a “Declaration of Effectiveness” of the  internal controls in their annual Financial Statements. For more information, please click  2024 Corporate Governance Code

The declaration should cover all material aspects of operational compliance and reporting. Boards will also have to explain in their annual report how they have performed their monitoring of the material controls.

The 2024 Corporate Governance Code is applicable to financial years beginning on or after 1 January 2025.  The 2018 Corporate Governance Code will continue to apply to all earlier financial years. However, the Provision 29 “Declaration of Effectiveness” will only apply to financial years beginning on or after 1 January 2026.

Professional Directors Association Approved Courses

This course is assessed as “Excellent” by its delegates. 
Delegate numbers are limited to a maximum of 8.
The course can be spread across two separate non-consecutive days.

The Director Roles and Responsibilities course will enable Directors to understand, analyse and interpret the Director Responsibilities and Corporate Governance issues in any business scenario. This will help Directors to make the best possible Board decisions for their companies and to ensure that the company processes and controls fully comply with their legal responsibilities as Directors. As well as clearly explain the potential liabilities of Directors and the limitations upon the powers of Directors. This course will promote the long term success and profits of the company.

This is a very practical course with extensive discussions around case studies that highlight common Boardroom dilemmas. For example, a common potential conflict of Interest is that of Subsidiary Board NEDs with Executive roles in the Parent Companies. This course will enable you to resolve such matters to make sound Board decisions, which fully comply with your statutory duties as a Director.

The 2-day course is a Chartered Management Institute, CMI, Recognised Training Course

The first day covers: the director requirements within the latest Companies Act (Companies Act 2006), including the 7 Statutory Duties of Directors and the legal limitations on the powers of directors; Director Liabilities, the 2018 UK Corporate Governance Code; the latest Memorandum and Articles of Association, topical board level issues; Companies House requirements, the avoidance of potential breaches of the Insolvency Act, which could lead to  personal liabilities and possible disqualification under the Director Disqualification Act.

The second day covers: Effective and Efficient Boards, Risk Management, UK Corporate Governance Reform Drivers, laws and trends on Director Pay, EU Corporate Governance applicability within the UK; International Board Structures; Major Corporate Governance Failures and their early warning indicators. It covers board level offence specific legislation such as; the Bribery Act, the 2017 Criminal Finances Act, the Corporate Manslaughter Act, Pitfalls and Errors arising from the UK Data Protection Act & UK GDPR and the Health & Safety at Work Act. All of these are dealt with at board level. The second day also covers Board Strategic Financial Management elements. These elements include at Board level; Acquisitions, Disposals and Goodwill; Budgeting & Pension Issues, Maximising Shareholder Value and Company Valuations.

UK legislation deems all Board Directors to be equal and to share equally in the legal responsibilities of running a company.

The Companies Act 2006 does not differentiate between Executive and Non-Executive Directors. The legal duties and potential liabilities of Non-Executive Directors are identical to those of the Executive Directors. No matter how little or how much time they spend on Board Matters, Non-Executive Directors are subject to the same legal duties and responsibilities as the Executive Directors.

That is why the 1 Day Director Responsibilities and Roles course is also the first day of the 2 Day Director Responsibilities and Roles course. The first day of the 2-day Director course covers those Director laws and responsibilities that are likely to be the most important ones affecting all Directors, including Non-Executive Directors, NEDs.

Institute of Leadership and Management Approved Training Centre

Legally Binding General Duties of Directors under The Companies Acts 2006

There are many laws and regulations that apply to Board Directors. The Companies Act 2006 places many legal requirements upon companies and their Board Directors, some of which are grouped together as The Seven Statutory Duties of Directors:

• To act within their powers
• To promote the success of the company
• To exercise independent judgement
• To exercise reasonable care, skill and diligence
• To avoid conflicts of interest
• Not to accept benefits from third parties
• To declare any interest in a proposed transaction or arrangement

The above are also known as the General Duties.

There are many other requirements of the Companies Act 2006 and there are many other laws relevant to Board Directors. The legal compliance issues for directors seem to be being constantly increased.

Please click here for more information about the General Duties of Directors under the Companies Acts.

Please click here for more information about the Statement of Directors Responsibilities. These are the Financial Responsibilities under the Companies Acts.

Chartered Management Institute Recognised Director Training Courses and Workshops

This course will cover those legal director duties and all of the other relevant statutory requirements at Board level and through case studies and discussions ensure that you are comfortable with the practical application of that knowledge.

Formal Certificates of Professional Development (CPD) will be issued to all participants

We are accredited by the Chartered Management Institute as an approved training centre. Their logo along with that of the Professional Directors Association will be on the 2 day course certificates.

These certificates will be accepted as evidence for CPD purposes by most other professional associations and institutes.

Please Click Here to explore running this as an In-House Course; a Scottish version of this course is available.

Please click here to see the scheduled finance courses we offer to all Board Directors “Finance for Non-Finance Directors”

2024 Director Roles and Responsibilities, Including NEDs, 1 Day Courses, Maximum 8 Directors

Additional Dates may be available: Click Here to View All Dates and Course Content

2024 Director Roles and Responsibilities, Including NEDs, 2 Day Courses, Maximum 8 Directors

Additional Dates may be available: Click Here to View All Dates and Course Content

2024 Director Roles and Responsibilities Updates, 1 Day Courses, Maximum 8 Directors

Additional Dates may be available: Click Here to View All Dates and Course Content

Company Board Director Duties, Roles and Responsibilities Training Courses

Professional Directors Association Approved Courses

The training course is delivered by some of the best Corporate Governance tutors in the UK. They are heavily involved with Corporate Governance at the highest possible levels and have a wealth of practical experience at their fingertips, as well as outstanding theoretical knowledge. The role and responsibilities of Company Board Directors will be comprehensively covered by this course. The Senior Course Leader has substantial experience as the Chief Executive and Finance Director of a Plc.

The Director Roles and Responsibilities Training Course provides comprehensive coverage of the knowledge, roles and responsibilities necessary for directors.

The 2 Day Director Roles and Responsibilities training course will enable you to define, analyse and interpret the corporate governance issues inherent in any business scenario. It will clearly explain the legal requirements of the Companies Act 2006, the seven statutory duties of directors, the UK Corporate Governance Code, the potential liabilities of Directors and the limitations upon their powers. The personal and corporate insolvency issues surrounding directors and key aspects of other offence specific laws applicable to company boards.

Chartered Management Institute Recognised Training Centre for Director Training Courses

Topics covered include the Companies Act 2006, Effective Boards, Board Director Roles and Responsibilities, UK Corporate Governance Code, Board Committees, the Memorandum and Articles of Association, Companies House requirements, the Insolvency Act, Liquidations, the Director Disqualification Act, Director Pay, Shadow Directors, De Facto Directors, NEDs, iNEDs, Parent Company Interests versus Subsidiary Board Interests, Director Statutory Duties, Strategic Financial Management, Risk Management, Dividends, Board Resolutions, Effective Board Meetings, Voting requirements and much more.

This training course is designed for both experienced and newly appointed Company Directors who want to ensure that they know and understand the collective board responsibilities, as well as the individual responsibilities of directors and are complying with all of the relevant laws and regulations.

Institute of Leadership and Management Approved Training Centre

To ensure that the directors attending this training course will get the maximum possible benefit from their time and that the discussions will be at their most effective; the delegate numbers are limited to a maximum of 8.

Formal Certificates of Professional Development (CPD) will be issued to all participants

We are accredited by the Chartered Management Institute as an approved training centre. Their logo along with that of the Professional Directors Association will be on the 2 day course certificates.

This course is recognised for CPD purposes by most other professional institutes and associations including the Institute of Leadership and Management, the Law Society, the CIM, the ICAEW, the CMI, the Institute of Learning and the CIPD. Formal Certificates of Professional Development will be issued to all participants who successfully complete this course.

Please Click Here to explore running this as an In-House Course; a Scottish version of this course is available.

Please click here for more information about the General Duties of Directors under the Companies Acts.