Directors

Question 1

What director is one who is legally appointed in accordance with the articles of association?

Answer 1

De Jure Director

Question 2

What is a de facto director?

Answer 2

Performs the acts and duties of a director, but isn’t technically a director

Question 3

What is a shadow director?

Answer 3

Someone exercises control over an organisation, but evades their responsibilities and potential liabilities as a director

Question 4

What does an alternate director do?

Answer 4

Stands in to attend board meetings on another director’s behalf

Question 5

At each AGM of a plc, what fraction of directors must resign?

Answer 5

1/3

Question 6

Within how many days must Companies House be notified of any new appointments in a plc?

Answer 6

14 days

Question 7

What is the maximum length of time a director can be disqualified for failing to file returns?

Answer 7

5 years

Question 8

What is the maximum length of time a director can be disqualified for fradulent or wrongful trading?

Answer 8

15 years

Question 9

If a person wants to remove a director, what notice must be made?

Answer 9

Special notice