Welcome to the R3 Technical Library, a unique resource for searching technical and specialist information within the sector. The below are available resources for Directors.
Being a director and personal liability (April 2022)
As a general principle, because a company is a separate person in law its directors, shareholders and employees are not liable for its debts and other liabilities. If the company is a “limited” company or a PLC its owners, the shareholders, are similarly not liable. In rare circumstances, the ‘corporate veil’ that separates the company from its owners can be pierced. This may result in the shareholders being liable for company debts or liable to make a monetary contribution to the company. View
As a general principle, because a company is a separate person in law its directors, shareholders and employees are not liable for its debts and other liabilities. If the company is a “limited” company or a PLC its owners, the shareholders, are similarly not liable. In rare circumstances, the ‘corporate veil’ that separates the company from its owners can be pierced. This may result in the shareholders being liable for company debts or liable to make a monetary contribution to the company. View
A guide to dealing with corporate financial distress (June 2021)
As part of R3's Back to Business campaign, R3 has produced a resource to provide directors and business owners with a one-stop guide to the options open to them to deal with their corporate financial difficulties. View
As part of R3's Back to Business campaign, R3 has produced a resource to provide directors and business owners with a one-stop guide to the options open to them to deal with their corporate financial difficulties. View
