Directors' & Officers' Insurance
Congratulations GQ
If you are now a Company Director make sure you read and fully understand the Articles of Association of the company and other legal documentation associated with the company. As Secretary you will be responsible for ensuring the approporiate paperwork is correct for the type of company you have taken on.
Also you should ensure that the directors have D&O Insurance. If not and/or there is resistance to purchasing such insurance walk away now. Under UK Legislation company directors can be held personally liable for a range of issues such as; health and safety, data protection, maintaining satisfactory accounts, negligence, etc. You need to make sure you are protected.
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