Directors Responsibilities & Compliance

Service Description

Day 1: Introduction to Directors' Responsibilities and Corporate Governance Understanding Directors' Responsibilities: • Explain the agenda and objectives of the training Role and Duties of Directors • Define the role and responsibilities of company directors • Explore legal obligations under the UK Companies Act Corporate Governance and Compliance Framework: • Discuss the importance of corporate governance • Explain governance codes and best practices Compliance and Regulatory Environment • Explore the regulatory landscape in the UK • Highlight the consequences of non-compliance Day 2: Financial Management and Reporting Financial Management: Financial Management Responsibilities • Detail directors' financial management duties • Discuss budgeting and financial planning Financial Reporting Requirements • Explain financial reporting under the UK Companies Act • Review financial statements and disclosures Introduction to Taxation Compliance • Define taxation and its significance • Explore different types of taxes Taxation Compliance for Directors • Explain taxation obligations for directors • Discuss tax planning and risk management Day 3: Company Law and Directors' Liabilities Company Formation and Constitution • Describe the process of company formation • Explain the importance of the company's constitution Shareholders and Meetings • Discuss shareholders' rights and meetings • Explain the role of directors in shareholder relations Directors' Liabilities • Explore liabilities and potential consequences • Provide examples of director disqualification Legal Protections and Insurance • Explain legal protections available to directors • Discuss director and officer insurance Day 4: Corporate Compliance and Reporting • Discuss key regulations affecting businesses • Explain how directors can ensure compliance Reporting and Disclosure Requirements • Detail reporting and disclosure obligations • Provide guidance on transparent reporting Tax Planning Strategies and Risk Mitigation: • Explore tax-efficient strategies for businesses • Discuss the role of directors in tax planning Tax Audits and Investigations • Explain tax audit procedures • Discuss strategies for handling tax investigations Day 5: Practical Application and Case Studies Case Studies on Directors' Responsibilities • Analyse real-world scenarios and challenges • Discuss best practices and solutions Mock Board Meeting • Conduct a simulated board meeting • Address compliance and taxation issues

Contact Details

• 121 Brooker Road, Waltham Abbey, UK