At Cato we have considerable experience when it comes to advising Directors.
Shareholder and Boardroom Disputes
Pressure on directors can build up coming to the boil over performance issues or differences in strategic approach.
Other causes of dispute may arise from a sudden exercise in control by a majority investor or a group of shareholders coming together.
The company’s solicitors first duty is to act in the best interests of the company so you will need outside help.
We can advise on preparatory steps and guide you through the process to help you achieve objectives while ensuring your full compliance with all legal and regulatory provisions including: locking-in support (for example, by personal agreement between shareholders as to how they will exercise their voting rights); removing directors who are put forward for annual re-election; and making use of the various statutory procedures (in particular, the right to remove a director under section 168 of the Companies Act 2006) (section 168).
We can advise on Chapter 2 of Part 10 of the Companies Act 2006 (CA 2006) which codified certain common law and equitable duties of directors. We can help with compliance and when things go wrong.
- To act within powers.
- To promote the success of the company.
- To exercise independent judgment.
- To exercise reasonable care, skill and diligence.
- To avoid conflicts of interest.
- Not to accept benefits from third parties.
- To declare an interest in a proposed transaction or arrangement.
We can also advice on Directors Liability both Criminal and Civil
Call us on 01604 321 655 for your initial consultation.