Directors Roles & Responsibilities
Discussion
I work for a family owned construction company (turnover circa £40m per annum).
The companies shares are held by the 2 family members, however there are a further 3 Directors registered at Companies House, one of which is my "line manager" - these Directors sit on the "board" and all have active roles in the daily running of the business.
My post has recently changed from Operations Manager to Operations Director, however i have not been invitied to sit on the "board" and will therefore not be registering at Companies House.
My question is - Does the title of Director attract further responsibilities specifically to matters of health and safety.
The companies shares are held by the 2 family members, however there are a further 3 Directors registered at Companies House, one of which is my "line manager" - these Directors sit on the "board" and all have active roles in the daily running of the business.
My post has recently changed from Operations Manager to Operations Director, however i have not been invitied to sit on the "board" and will therefore not be registering at Companies House.
My question is - Does the title of Director attract further responsibilities specifically to matters of health and safety.
As a 'director', you have to fleece the company for as much moolah as possible, by convincing the owner that they cannot possibly survive without you. Ensure that you send as many pointless e-mails as possible to your overworked and underpaid engineering manager / supervisors, to make YOU look busy. When your maintenance department gets a vital machine back up and running, be sure to remind the MD that YOU and YOU ALONE have fixed it.
Couple of little things also, don't miss the weekly 'directors' meeting at the coffee and donut shop round the corner, and NEVER EVER, no matter how many problems there are, stay behind one minute longer than necessary.
Just sayin'
Couple of little things also, don't miss the weekly 'directors' meeting at the coffee and donut shop round the corner, and NEVER EVER, no matter how many problems there are, stay behind one minute longer than necessary.
Just sayin'
V88Dicky said:
As a 'director', you have to fleece the company for as much moolah as possible, by convincing the owner that they cannot possibly survive without you. Ensure that you send as many pointless e-mails as possible to your overworked and underpaid engineering manager / supervisors, to make YOU look busy. When your maintenance department gets a vital machine back up and running, be sure to remind the MD that YOU and YOU ALONE have fixed it.
Couple of little things also, don't miss the weekly 'directors' meeting at the coffee and donut shop round the corner, and NEVER EVER, no matter how many problems there are, stay behind one minute longer than necessary.
Just sayin'
Err thanks Couple of little things also, don't miss the weekly 'directors' meeting at the coffee and donut shop round the corner, and NEVER EVER, no matter how many problems there are, stay behind one minute longer than necessary.
Just sayin'
blueg33 said:
Sounds like just a title to me. If you don't sign a 288 form from Companies House then you are not a Director in the legal sense (as far as I am aware)
It is common for construction companies to call people Directors when they are not.
That is indeed what i was told, however i thought it was worth the question as the 100 or so site ops work for me directly whereas the board directors only deal with the Commercial/Sales side of the business.It is common for construction companies to call people Directors when they are not.
Yes you're right regarding job titles, although i'm the first at our Company, hence the question.
Nice Tuscan by the way
Pursyluv said:
That is indeed what i was told, however i thought it was worth the question as the 100 or so site ops work for me directly whereas the board directors only deal with the Commercial/Sales side of the business.
Yes you're right regarding job titles, although i'm the first at our Company, hence the question.
Nice Tuscan by the way
Board Directors generally have financial responsibility and have to be sure that the company is trading solvently. Yes you're right regarding job titles, although i'm the first at our Company, hence the question.
Nice Tuscan by the way
Personally, I would ask for some involvement at Board meetings, maybe ask to attend alternate ones etc, its good experience and you get a good insight into decision making. Do they have regular Board meetings? The companies I am a Director of, hold Board Meetings monthly.
Thanks for the Tuscan comment
I see you have a Tam, one of those will be my next TVRblueg33 said:
Pursyluv said:
That is indeed what i was told, however i thought it was worth the question as the 100 or so site ops work for me directly whereas the board directors only deal with the Commercial/Sales side of the business.
Yes you're right regarding job titles, although i'm the first at our Company, hence the question.
Nice Tuscan by the way
Board Directors generally have financial responsibility and have to be sure that the company is trading solvently. Yes you're right regarding job titles, although i'm the first at our Company, hence the question.
Nice Tuscan by the way
Personally, I would ask for some involvement at Board meetings, maybe ask to attend alternate ones etc, its good experience and you get a good insight into decision making. Do they have regular Board meetings? The companies I am a Director of, hold Board Meetings monthly.
Thanks for the Tuscan comment
I see you have a Tam, one of those will be my next TVRTams are great value, for me it's the noise, the handling and being a full convertible that convinced me to ditch the Cerb
The legal definition of who and who isn't a formal "director" of a company is not as straightforward as you might think.
First of all, having the word "director" in your job title e.g. sales director, project director etc) does not make you a formal director.
To be a "formal", legally appointed director, as set out under the 2006 Companies Act, you need to be formally appointed and registered as such at Companies House. This is either done at the set-up of the company or later by the filing of a Form AP01 (Appointment of Director). Note that the old style Form 288 was abolished with the introduction of the 2006 Companies Act.
However, a person who has not been formally appointed as a director (as set out above) can be deemed to be a director if they behave in a certain way i.e. they are acting like a director in that they are exercising control over the company and are influencing the decision making process of the company board.
This can be done by a "shadow director". A Shadow Director is someone not listed as a formal director but who still has a substantial influence on the company's decision making process. You often see this when a person is barred from being a director - for whatever reason - but still controls the company unofficially.
So, you can see that, in certain circumstances, the way someone behaves can be enough to demonstrate that they have been acting as a director.
First of all, having the word "director" in your job title e.g. sales director, project director etc) does not make you a formal director.
To be a "formal", legally appointed director, as set out under the 2006 Companies Act, you need to be formally appointed and registered as such at Companies House. This is either done at the set-up of the company or later by the filing of a Form AP01 (Appointment of Director). Note that the old style Form 288 was abolished with the introduction of the 2006 Companies Act.
However, a person who has not been formally appointed as a director (as set out above) can be deemed to be a director if they behave in a certain way i.e. they are acting like a director in that they are exercising control over the company and are influencing the decision making process of the company board.
This can be done by a "shadow director". A Shadow Director is someone not listed as a formal director but who still has a substantial influence on the company's decision making process. You often see this when a person is barred from being a director - for whatever reason - but still controls the company unofficially.
So, you can see that, in certain circumstances, the way someone behaves can be enough to demonstrate that they have been acting as a director.
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