The essentials of being a director

This guide, developed by the IoD and the Financial Markets Authority, sets out the essentials of being a director.

The essentials of being a directorThis guide is intended to provide company directors and prospective directors with a quick reference and overview of some of the key things they should think about. It outlines some of the legal requirements, ethical considerations and best practice areas for directors to consider to be effective in their role. It is not intended to be comprehensive and includes links to more detailed resources.

It covers key directorship matters such as:

  • due diligence before taking up a directorship
  • working with other board members and management
  • decision making
  • conflicts of interest
  • solvency
  • signing off financials
  • raising capital and
  • what happens if things go wrong