A company director is a person appointed to manage the day-to-day affairs of a limited company. As a director, you have a number of legal and financial responsibilities, including:
Overseeing the company's operations: You’re responsible for overseeing the company's operations and making sure that it is run in accordance with its articles of association and the law.
Making strategic decisions: You’re responsible for making important strategic decisions about the direction of the company and for setting its business objectives.
Ensuring compliance with the law: You’re responsible for making sure that the company complies with all relevant laws and regulations, including company law, tax law, and employment law.
Managing finances: You’re responsible for managing the company's finances, including preparing financial statements, ensuring that the company pays its debts on time, and ensuring that the company has adequate insurance cover.
Representing the company: You’re responsible for representing the company to the outside world and for maintaining good relationships with suppliers, customers, and stakeholders.
Filing annual returns: You’re responsible for filing annual returns with Companies House and ensuring that the company's accounts are up to date.
Protecting the company's assets: You’re responsible for protecting the company's assets and for making sure that its finances are used for legitimate business purposes.