STOP PRESS: A significant restructuring of the UK listing regime came into effect on 29 July 2024 which included the removal of the premium and standard listing segments and the creation of a single listing category for equity shares in commercial companies. The commercial companies category is heavily disclosure-based and sits alongside other listing categories such as the shell companies, secondary listing and closed ended investment fund categories. A new UK Listing Rules sourcebook came into force to implement the changes and the previous Listing Rules sourcebook was revoked. For further information, see Practice Note: Reform of the UK listing regime—fundamentals. This fundamentals note reflects the listing regime as it was prior to 29 July 2024.
A director of a company manages its day to day operations and makes decisions on its behalf. Upon taking the office of director, a person becomes subject to duties that are owed to the company (and, in some circumstances, its creditors) and takes on a number of responsibilities. There may be serious consequences for a director if they, or the company, do not comply with the provisions of the To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.
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