Looking to appoint or have a director retiring?
Our professionals can help talk through the processes governing company directors and provide guidance
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Our experienced team assist company directors, providing guidance, counsel and register oversight and processes

We will work with you at time of incorporation and during the lifetime of the company to ensure your board of directors remain effective and professional.

Company directors are legally responsible for running the company and must act in it’s best interests to promote its success. Although, they can accept advice, they have been appointed to use their own independent judgement, relevant knowledge, skill and experience to make final decisions.

Appointment of Company Directors

The first directors of a company are appointed by giving the proposed directors’ details in the application to register a new company at the Companies Registry. The company’s first directors are deemed to be appointed with effect from the date of incorporation of the company. After a company is incorporated, the company’s articles of association will govern the way in which directors are appointed. Depending on your requirements we can assist in drafting your company’s articles of association and focus on the provisions relating to the appointment of new directors.

The appointment of directors after incorporation should be notified to Companies House within 14 days of the date of appointment using their standard form which includes the following information:

  • Name and any former name
  • Residential address
  • Nationality
  • Business occupation (if any)
  • Date of birth

The same details apply for the appointment of directors at the time of incorporation.

Retirement of Company Directors

It is less usual for a company to have articles with provisions relating to the retirement of directors, and we can assist you in the drafting of your articles of association to ensure this provision is covered. A director required to retire from office can (and, in practice, usually does) offer themselves for reappointment at the AGM. The provisions for retirement are, as such, a form of check and balance whereby the shareholders/members get to have a final say in the appointment of a director. Directors are usually then reappointed by the shareholders/members passing an ordinary resolution. Companies House must be notified within 14 days of the permanent retirement of a director taking effect.

Resignation of Company Directors

Subject to any specific provisions in the company’s articles of association or the director’s contract of employment, it is usual practice for directors to resign by way of a resignation letter addressed to the other directors of the company. The resignation of a director must be notified to Companies House within 14 days of it taking effect.

Talk to us today
If you need to talk to someone about company directors, their appointment, retirement and resignation, then take the first step. You can email enquiries@mannbenham.com or call us on 01624 639350 to arrange your free consultation with us today.

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Reasons to use MannBenham

Personal Service

Always professional, providing an exceptional level of service to our clients

Always professional, providing an exceptional level of service to our clients

Everything we do is backed by leading legal professionals and an extensive range of advisory and support services designed to meet our client requirements and exceed expectations

Always Professional

We believe being professional is about us giving our best at all times

We believe being professional is about us giving our best at all times

We remain professional at all times, treating everyone respectfully and with courtesy, listening and understanding our clients needs

Global Solutions

MannBenham Advocates, Advisory and Fiduciary solutions are truly global

MannBenham Advocates, Advisory and Fiduciary solutions are truly global

MannBenham’s global reach combines Isle of Man excellence with cross-jurisdictional expertise creating a complete integrated approach

Wealth of Experience

We pride ourselves on the wealth of our experience and knowledge

We pride ourselves on the wealth of our experience and knowledge

Our experience and expertise crosses both commercial and personal, delivering real solutions that satisfy our clients expectations

Contact us today to discuss your requirements

MannBenham | 49 Victoria Street, Douglas, Isle of Man, IM1 2LD | Email: enquiries@mannbenham.com | Telephone: +44 (0)1624 639350