What do company directors do?
Company directors are legally responsible for making sure the company is run correctly. If the company breaks the law it is the company directors who will be in trouble. Where there is more than one company director it is normal to have each company director’s areas of responsibilities formally written down. So, one company director might be responsible for making sure health and safety rules are followed, while another is responsible for making sure the company pays its taxes on time.
The company directors don’t have to be shareholders and they don’t have to be involved in the day to day running of the business. However, it is best to keep the company directors to people who need to be involved and who you are happy you can work with to avoid potential problems.