imported>Doug Williamson |
imported>Doug Williamson |
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| ''Company law.'' | | ''Banking''. |
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| Directors' duties are the legal responsibilities of directors to promote the success of their companies.
| | Return On Risk Weighted Assets. |
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| Directors' duties apply to de facto directors and shadow directors, as well as to formally appointed directors.
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| | | == See also == |
| The duties are owed to the company.
| | * [[Capital adequacy]] |
| | | * [[Return on capital employed]] (ROCE) |
| They generally include:
| | * [[Return on equity]] (ROE) |
| | | * [[Risk Weighted Assets]] (RWAs) |
| *Acting within the powers of the company's constitution, and exercising those powers for the purposes for which they are given.
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| *Acting in good faith to promote the success of the company for the benefit of its members as a whole.
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| *Exercising independent judgement.
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| *Exercising reasonable skill, care and diligence.
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| *Avoiding conflicts of interest.
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| *Not accepting benefits from third parties.
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| *Declaring any interest in any proposed transaction or arrangement with the company.
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| In addition, company directors must also have regard to a number of other relevant factors and stakeholders when exercising their duties.
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| Under the UK's Companies Act 2006, these other factors are identified in Section 172.
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| ==See also== | |
| * [[Agent]] | |
| * [[Company]]
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| * [[Company law]]
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| * [[Conflict of interest]]
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| * [[Constitution]]
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| * [[De facto director]]
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| * [[Director]]
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| * [[Duty]]
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| * [[Duty of care]]
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| * [[Employee]]
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| * [[Fiduciary duty]]
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| * [[Good faith]]
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| * [[Independence]]
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| * [[Judgement]]
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| * [[Member]]
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| * [[Section 172]]
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| * [[Segregation of duties]]
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| * [[Shadow director]]
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| * [[Shareholders]]
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| * [[Stakeholder]]
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| * [[Statutory duty]]
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| * [[Stewardship]] | |
| * [[Third party]] | |
| * [[Transaction]] | |
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| [[Category:Accounting,_tax_and_regulation]] | | [[Category:Accounting,_tax_and_regulation]] |
| [[Category:The_business_context]] | | [[Category:The_business_context]] |
| [[Category:Compliance_and_audit]] | | [[Category:Corporate_finance]] |
| [[Category:Identify_and_assess_risks]] | | [[Category:Investment]] |
| [[Category:Manage_risks]] | | [[Category:Long_term_funding]] |
| [[Category:Risk_frameworks]]
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| [[Category:Risk_reporting]]
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