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 – Effective 2025
Annual Declaration of Effectiveness of Internal Controls
The 2024 UK Corporate Governance Code was published on 22 January 2024, after a consultation process which focused on a few key issues. The main one being the effectiveness of the internal controls of the company. 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.
For more information, please click 2024 Corporate Governance Code
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. It would be impossible to fulfil the legal duties of a Board Director without a good understanding of those legal roles and responsibilities according to the Companies Act 2006.
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.
Legal Duties of Directors under The Companies Acts 2006
The Companies Acts 2006, CA 2006, contains seven specific statutory duties of a director. These important legal duties are collectively called the “General Duties”. The General Duties are applicable to all Board decisions and all Director activities within all UK companies. The General Duties are different to the the Statement of Directors Responsibilities, which refers to the responsibilities of the Directors for all financial matters, including their Annual Accounts.
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.
Please Click Here to explore running these as In-House Courses For most in-house or internal Director courses, Scottish versions are available.
The Director Courses are limited to a maximum of 8 directors, to ensure that the Directors attending the course will achieve the maximum possible benefit. The Ofsted related courses are provided in the later sections of the scheduled course list.
CPD – Formal Certificates of Professional Development will be issued to all delegates. These certificates will be accepted as evidence for CPD purposes by most professional Institutes and Associations. Our clients, who are mainly Directors, regularly award an “Excellent” overall rating to our training courses and workshops.
Institute of Leadership and Management Approved Training. Chartered Management Institute Recognised Director Training Courses and Workshops.