A board of directors is an elected group of individuals that represent a companies shareholders.
The board is a governing body that typically meets at regular intervals to set policies for corporate management and oversight.
UK Companies have a board that governs the strategic direction of the company. The structure of a UK company board and its members provide specialist knowledge, skills and expertise across a breadth of areas, such as finance, technology and marketing.
Under UK law – every private limited company is required to have a minimum of one company director. It is good practice to have two directors appointed, as one director is unable to resign unless another has been appointed. For public limited companies – the minimum requirement is two directors.
It is possible to have one of the directors represented as another company, however at least one of the directors must be an actual individual person.
These directors are responsible for ensuring the business complies with company law and are responsible among other things for the filing of the annual Confirmation Statement and Annual Financial Accounts.
UK subsidiaries of overseas company’s generally are governed by one or two board directors of the parent company board.
By instructing a Semantic Non Executive Board Member, your existing Board will receive additional experience and independent advice and governance.
For more information contact us today, and schedule an initial call back to discuss the next steps