Article- The Corporate Enforcement Authority: There is no such thing as director-lite
The Corporate Enforcement Authority: There is no such thing as director-lite
The Corporate Enforcement Authority: directors’ duties and responsibilities
Companies are governed by the Companies Act 2014, an enormous piece of legislation containing 1,648 sections. The Corporate Enforcement Authority (CEA) is Ireland’s independent statutory body responsible for enforcing any breach of the Companies Act 2014 by companies, and by extension, the directors of companies.
Michael Dillon, CEA’s Director of Legal explained: “A director is typically an individual appointed by the company’s members to manage the business of the company on their behalf. The Companies Act makes clear that the term ‘director’ encompasses anyone ‘occupying the position of director by whatever name called.’ The focus is on the function they perform, emphasizing ‘substance rather than form’.”
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