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Part II The Office of Director, 5 Directors’ Decision-Making and Delegation

William Willson

From: Company Directors: Duties, Liabilities, and Remedies (4th Edition)

Edited By: Mark Arnold KC, Simon Mortimore KC

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 23 July 2024

Subject(s):
Approved person — Conduct of business regulation — Regulated persons

This chapter tackles the decision-making and delegation of directors. While the Companies Act 2006 has always left the procedure for decision-making by directors to the constitution of the company, the provision required records of decisions to be kept. Some provisions will contain special rules designed to meet the needs of the particular company, while other provisions are adapted from default articles from the Companies Act. The chapter explains that Model Articles are used as drafting sources for public companies. It then considers the unanimous decisions within private companies and written resolutions enacted in public companies, which references the Model Articles.

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