Back to Webinars

10@12 Webinar Series : The role of the NED – an impossible task? Lessons from Carillion and beyond

Andrew Thompson KC, Andrew Blake and Philip Morrison successfully defended the non-executive directors of Carillion Plc in directors disqualification proceedings brought by the Secretary of State, who abandoned the claim the day before the start of a 13 week trial.  In this second webinar arising out of that case, they focus specifically on the lessons for NEDs and those advising them.

10 points that will be covered :

  1. What is a non-executive director?
  2. What are the core legal duties of directors under the Companies Act 2006 and how do they apply to NEDs?
  3. Are directors subject to a strict legal duty to know the true financial position of the company (as alleged by the Secretary of State in Carillion)?
  4. What rules govern the delegation of responsibility by NEDs?
  5. What is the role of the UK Corporate Governance Code in relation to NEDs’ duties and liabilities?
  6. How does the Company Directors Disqualification Act 1986 regime affect NEDs and how does it interact with the NEDs’ duties under the Companies Act 2006?
  7. What are the practical responsibilities of NEDs?
  8. What are the practical difficulties that arise for NEDs in carrying out their responsibilities?
  9. What are the risk areas for NEDs – where they are most exposed to claims?
  10. How can NEDs try to minimise that exposure?

Andrew Thompson KC
Andrew Blake
Philip Morrison