Directors' Responsibilities & Compliance

Training Description

Day 1: Introduction to Directors' Responsibilities and Corporate Governance Understanding Directors' Responsibilities:

·         Explain the agenda and objectives of the training - the Role and Duties of Directors:

·         Define the role and responsibilities of company directors

·         Explore legal obligations under the UK Companies Act, Corporate Governance and Compliance Framework

·         Discuss the importance of corporate governance

·         Explain governance codes and best practices, Compliance and Regulatory Environment

·         Explore the regulatory landscape in the UK

·         Highlight the consequences of non-compliance

Day 2: Financial Management and Reporting Financial Management:

·         . Financial Management Responsibilities

·         Detail directors' financial management duties

·         Discuss budgeting and financial planning, Financial Reporting Requirements

·         Explain financial reporting under the UK Companies Act

·         Review financial statements and disclosures.

·         Introduction to Taxation Compliance

·         Define taxation and its significance

·         Explore different types of taxes, Taxation Compliance for Directors

·         Explain taxation obligations for directors

·         Discuss tax planning and risk management

Day 3: Company Law and Directors' Liabilities, Company Formation, and Constitution

• Describe the process of company formation

• Explain the importance of the company's constitution, Shareholders, and Meetings

• Discuss shareholders' rights and meetings

• Explain the role of directors in shareholder relations, Directors' Liabilities

• Explore liabilities and potential consequences

• Provide examples of director disqualification, Legal Protections, and Insurance

• Explain legal protections available to directors

• Discuss director and officer insurance

Day 4: Corporate Compliance and Reporting

• Discuss key regulations affecting businesses

• Explain how directors can ensure compliance Reporting and Disclosure Requirements • Detail reporting and disclosure obligations

• Provide guidance on transparent reporting, Tax Planning Strategies, and Risk Mitigation

• Explore tax-efficient strategies for businesses

• Discuss the role of directors in tax planning, Tax Audits, and Investigations

• Explain tax audit procedures

• Discuss strategies for handling tax investigations

Day 5: Practical Application and Case Studies: Case Studies on Directors' Responsibilities

• Analyse real-world scenarios and challenges

• Discuss best practices and solutions, Mock Board Meeting

• Conduct a simulated board meeting

• Address compliance and taxation issues