Podcast Location:
Download it here [file size: 30.4 MB]
Categories:
Corporate & Commercial Law
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast aims to review 7 of the new codified directors’ duties (section 171-177) and analyse how the courts have applied the new law since they came into force in 2007. The podcast will also review how directors can show they have complied with their duties and whether they are better policed now than in the past.

Outcomes:
After completing the course you will:
  • Understand why the law was reformed to codify directors’ duties;
  • Know what impact the codification of the law has had on directors;
  • Be aware of the 7 core duties of directors;
  • Understand the scope of those duties and how directors might seek to comply with them.
Level:
Beginner Difficulty: 1 of 5
Classification:
Case Update
Legal Principles
Sources and References:
  • Companies Act 2006 ss 171, 172, 173, 174, 175, 176, 177;
  • West Coast Capital (Lios) Limited [2008] CSOH 72;
  • Cobden Investments Ltd v RWM Langport Ltd & Ors [2008] EWHC 2810 (Ch);
  • Re Neath Rugby Ltd Hawkes v Cuddy [2008] BCC 390;
  • Lexi Holdings Plc v Luqman & Ors [2009] EWCA Civ 117;
  • Stimpson and others v Southern Private Landlords Association and others [2009] All ER (D) 193;
  • Thermascan v Norman [2009] EWHC 3694 (Ch);
  • Rolled Steel Products (Holdings) Ltd v British Steel Corporation [1986] Ch 24.
Tags:

This podcast is about the new set of codified directors’ duties in the Companies Act 2006. Widely heralded as introducing a clearer benchmark for directors to be judged against, this podcast reviews whether the promise of the 2006 Act has been fulfilled or whether it’s business as usual for directors?

Podcast added: 20/05/2011

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