Appointing a new Director
As your business grows and evolves, you may wish to bring new directors onto the board to reward and secure key members of staff or to bring in new skills and contacts from outside your business. But fi rst, there are a few matters to consider...
Who can become a director?
In order to ensure that such an appointment is valid and in the best interests of the company, it is necessary to review the Companies Act 2006, the articles of association of the company and relevant common law. There are a number of fundamental requirements set out by the Companies Act 2006 which must be satisfi ed before a person can be appointed to the board of your company, which your solicitor can discuss with you.
Procedure for appointing directors
When your company was incorporated, it will have adopted certain rules which govern the way in which it can operate. These rules are known as the articles of association of the company, and they act as safeguards. Within these rules, there
may be express provisions as to how new directors should be appointed which should be carefully reviewed and complied with.
The importance of instructing a lawyer
As specialists in commercial law, we can ensure that every possible step is taken to ensure that the interests of your company are protected. We can also ensure that all such appointments are properly documented and fi led with Companies House whilst making sure that your company is fully compliant with the law and procedures in this area.
For further information about appointing a director, or for any commercial matters in general, speak to our team in the Poole offi ce on 01202 725400 or visit us at 3 Acorn Business Park, Ling Road, Poole, BH12 4NZ.
www.hklaw.eu.
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