This page explains everything you need to know about company directors and secretaries. If your question isn't answered here please contact us and we'll be happy to help.
Who can be a director?
A director is a person chosen to control or govern the affairs of a company. The only restrictions that prevent anyone becoming a director are that they must not be:
Disqualified from acting as a company director
An undischarged bankrupt
Under the age of 16
How many directors are needed?
The number of directors needed depends on the kind of company formation. Private limited companies and unlimited companies must have at least one director.
Public limited companies must have at least two directors.
What does a director do?
Whilst shareholders own a company, directors run them.
Directors must act in a way most likely to promote the success of the business.
Directors are required to produce proper accounts and send various documents to Companies House including the annual return and annual accounts.
Directors must also ensure compliance with the law in areas such as health and safety, employment law and tax.
Who can be a secretary?
You are not required to appoint a company secretary, however you have the option to do so if you wish.
A company secretary is a person appointed by the director(s) of a company.
No qualifications are needed to be the secretary of a private limited company, but the secretary must not be the company's auditor, or an undischarged bankrupt. The company secretary of a public limited company must be formally qualified according to the terms of the Companies Act 2006.
What does a secretary do?
The company secretary usually acts as the chief administrative officer of the company, leaving the directors free to concentrate on running the business.
The amount of administrative work involved in a small private company is not usually a full-time job. Company secretaries often have other responsibilities. Sometimes the secretary is also a director.
Directors can delegate their responsibilities for sending information to Companies House to the secretary. However, ultimate responsibility remains with the directors.
Can company directors and secretaries be the same?
Yes. A company secretary can also be a director, or the sole director, of the same company.
What are company officers?
Company officers are the people formally appointed to run a company. They are the director(s), and, if the company chooses one or requires one, the secretary.