Not understanding your responsibilities is not an excuse.
Take a look at our NEW Governance service ‘Directors Training’ that includes guidance on director’s duties, legal responsibilities, risk and compliance.
Importance of Director’s Training for Businesses in the UK
If you are a Director of a multinational company in the UK, you should be aware that there are significant differences in the legal and regulatory requirements for Directors in different countries. In the UK, Directors are subject to specific legal obligations under UK company law and it is your responsibility to ensure that you comply with these obligations and failure to do so can result in fines or prosecution.
UK company law sets out a broad range of requirements that Directors must adhere to. These include ensuring that the company maintains accurate and up-to-date financial records, preparing and filing annual accounts and returns with Companies House, and ensuring that the company complies with all relevant health and safety, employment, and environmental legislation.
The Directors of most of our clients are based overseas and our Governance team can provide you with the support and guidance you need to ensure that your business complies with all relevant UK regulations and legislation. If you are looking to set up a UK presence for your business and want to understand your responsibilities, we would be happy to discuss how we can help.
Who should consider Director’s Training?
The training applies to anybody that wants to understand their responsibilities as a UK statutory director. For most of our clients, typically this would be the UK Country Manager or CEO, COO or CFO of the parent company.
What are the benefits of proper Director’s Training?
Understanding the nuances of the UK business landscape is really important. Especially coming from another country where responsibilities under company law for your country are second nature. Our Directors Training offers insights into legalities, compliance, and industry-specific challenges. Gain a strategic advantage by equipping yourself with the expertise required to navigate UK business structure.
Training Package Information:
Delivered by our Governance Team, our comprehensive training programme will equip you with everything you need to make informed decisions as a Director of your new UK entity. They key takeaways are:
• The key duties of directors, their powers and authority.
• Good boardroom practice and board relationships.
• An overview of induction, development and performance reviews along with information as to how Goodwille can help in this areas.
(Please note that any ongoing support in this area would be subject to separate fees.)
• An update on upcoming governance issues and trends.
• An update on ESG and key areas for business to note.
At Goodwille, our Governance team possesses extensive expertise spanning various industries and business types, including privately owned and listed companies. We understand the variations across sectors and are well-versed in implementing tailored best practices for optimal training.
We also offer personalised 1:1 follow-up sessions to address any outstanding questions or inquiries. This dedicated time allows for reflection on the information shared and accommodates those who may feel more comfortable asking questions in a private setting.
Get in touch today to book Director’s Training
Meet our Head of Corporate Governance
Philip is responsible for oversight and management of our Governance teams in London and Warwick and ensuring that our clients Governance and Company Secretarial requirements are met. Philip also delivers technical governance advice to clients to ensure that thy are meeting and exceeding regulatory and best practice requirements to enter, grow and scale in the UK.
Philip has strong communication skills and is excellent at building relationships at all levels. He is able to manage changing and conflicting priorities on a daily basis whilst ensuring attention to quality and detail.