BL - Directors - general

Question 2

What is a de jure director?

Answer 2

validly appointed at law.

Question 3

How many directors must a private limited company have?

Answer 3

at least 1

Question 4

How many directors must a public company have

Answer 4

at least 2

Question 5

How old do you have to be to be a director

Answer 5

At least 16

Question 6

What is a de facto director

Answer 6

Someone who assumes to act as a director but has in fact not been validly appointed

Question 7

what is a shadow director?

Answer 7

a person in accordance with whose directions or instructions the directors of the company are accustomed to act

Question 8

Does a private company need to have a company secretary?

Answer 8

No

Question 9

Does a public company need to have a company secretary?

Answer 9

Yes

Question 10

Does CA 2006 give a procedure for appointing directors?

Answer 10

No - handled by the articles

Question 11

How can companies with MA appoint a director?

Answer 11

• ordinary resolution of the shareholders
• decision of the directors

Question 12

Does the company has an obligation to keep its directors’ service contracts at its registered office for inspection by the members?

Answer 12

Yes

Question 13

Is shareholder approval required for long-term directors’ contracts?

Answer 13

Yes

Question 14

Where can the public find out about a director?

Answer 14

In the company’s register kept at their registered office.

Question 15

Can a fee be charged for inspection of a company’s register?

Answer 15

For members - no

For members of the public - yes

Question 16

Which director payments are required to be included in company accounts?

Answer 16

• the directors’ salaries, bonus payments and pension entitlements; and 💰
• loss of office payments 🪑❌
• loans 💳
  .
• connected person payments 👥
• controlled company payments 🎩🏭
  .