Liabilities of a director liability against company the directors will have to make good for any loss on account of an ultra vires act where the directors have entered into a contract beyond their powers in such case directors are personally liable for the loss caused to the company. If the company is in the course of winding up the court may on the application of the liquidator creditor or contributory examine in to the conduct of a director for any misfeasance or breach of trust in relation to the company 3 criminal liabilities of directors so far we have dealt with the civil liability of directors. This practice note summarises the directors statutory duties that relate to the conduct of directors pursuant to sections 171 174 of the companies act 2006 ca 2006 ie the duty to act for a proper purpose ie to act in accordance with the companys constitution and only exercise powers for the purposes for which they are conferred . The company director powers duties and liabilities provides comprehensive coverage in a single volume of the powers legal obligations and responsibilities of executive and non executive company directors the complex relationships of directors with fellow directors the company its employees and shareholders are fully explained. The company director powers duties and liabilities twelfth edition peter loose maoxon solicitor consultant edwin coe london michael griffiths llb llm formerly deputy head of the school of legal studies at the university of wolverhampton david impey maoxon solicitor watermark hook click here to go to main contents
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