Training Objectives

To provide participants with a clear understanding of the legal duties and responsibilities of directors under Cyprus Companies Law, focusing on their fiduciary duties, statutory obligations, and potential liabilities. The seminar will also highlight practical implications for company directors and how they can navigate legal risks effectively. By the end of the programme, participants will:

• Identify the legal framework governing directors’ duties under Cyprus Companies Law (Cap. 113).
• Distinguish between fiduciary and statutory duties of directors and explain their implications in practice.
• Understand directors’ duty of loyalty and care, including how to avoid conflicts of interest and maintain independence.
• Describe the board’s role in effective corporate governance and the function of board committees.
• Recognise personal liabilities directors may face—both civil and criminal—for breaches of duty.
• Understand director disqualification procedures and the conditions that can lead to removal or prosecution.
• Explore practical risk mitigation tools, such as D&O insurance and indemnity clauses.
• Evaluate recent legal and regulatory developments, including CSR, digital transformation, and EU Directives.
• Apply legal concepts to real-life case studies involving breach of duty, conflicts of interest, and governance failures.
• Engage in discussion and self-reflection to enhance ethical decision-making and legal compliance in their director role.

Training Outline

Introduction to Cyprus Companies Law

• Overview of Cyprus Company Law
• Types of Companies in Cyprus
• The Role of Directors

Legal Framework of Directors’ Duties

• Fiduciary Duties
• Statutory Duties
• Duty to Disclose Interests

Corporate Governance and Best Practices

• The Importance of Good Governance
• The Role of the Board of Directors
• Board Committees
• Director Training and Induction

Liabilities of Directors for Breach of Duty

• Civil Liabilities
• Criminal Liabilities
• Disqualification of Directors
• Insurance and Indemnity

Recent Developments in Cyprus Companies Law

Case Studies and Practical Scenarios

Who Should Attend

The course is addressed to:

• Company executive and non-executive directors, managers, and board members of both private and public companies in Cyprus.
• Legal advisors and corporate governance professionals.
• Individuals interested in understanding Cyprus Companies Law from a director’s perspective.

Training Style

This short course is designed to be highly practical and engaging. Emphasis is placed on real-life case studies, legal scenarios, and interactive discussion to help participants apply complex legal duties in practice.

The course fosters active learning through structured analysis, focused content delivery, and open Q&A.

CPD Recognition

This programme may be approved for up to 3 CPD units in Law. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

The course has been approved and verified by the Cyprus Bar Association (CyBAR). The Summary of CyBAR’s Updated CPD Guidelines Based on the Operational Framework of the Cyprus Bar Association (CBA) Academy can be found here.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.