Duties of Directors of UK Subsidiary Companies - An Introduction

January 19, 2012

While the duties of directors of unlisted private companies often coincide with the strategy and requirements of the subsidiary’s parent company, this is not always the case, and the circumstances may require a director to act independently of the parent. Directors may risk personal liability as regulators are taking tougher stances especially toward bribery, corruption and anti-competitive behavior, particularly cartel abuses. Directors and prospective directors will therefore want to know the extent to which they can protect themselves against these risks.

Our guide below brings together the principal elements under relevant statutes and regulations, as well as the common law, and sets out the potential liabilities and the practical steps that can be taken to avoid them.

Duties of Directors of UK Subsidiary Companies – An Introduction

Gibson Dunn’s lawyers are available to assist in addressing any questions you may have regarding the above developments. Please contact the Gibson Dunn lawyer with whom you work, or the following in the firm’s London office:

Jeffery Roberts (+44 20 7071 4291, [email protected])
James Cox (+44 20 7071 4250, [email protected])
Patrick Doris (+44 20 7071 4276, [email protected])
James Ashe-Taylor (+44 20 7071 4221, [email protected])

Attorney Advertising: The enclosed materials have been prepared for general informational purposes only and are not intended as legal advice.