Fingleton Files: The legal angle
Being a director of a company carries with it many responsibilities which office-holders must uphold - or face the weight of the law, writes James McDermott.
One of the most memorable chapters ever written in an autobiography is to be found in the life story of the former England and Sunderland footballer Len Shackleton. The chapter is entitled The Average Director's Knowledge of Football, and consists of a single blank page.
For decades, this poor opinion of directors was shared by the law which, although recognising that directors owed duties to a company and its shareholders, set the minimum ...
