Training Objectives

At the end of the programme participants will be able to:

• Understand the extent to which a director owes duties to the company itself, its shareholders, its creditors, as well as the community at large under Cyprus law and the liabilities that may arise when these duties are violated
• Make a comparative evaluation of the duties at common law and in statute.
• Assess to what extent company directors are liable under Cyprus companies’ laws
• Understand remedies to the aggrieved parties
• Examine concrete practical cases related to such a liability

Training Outline

General Considerations on Liability of Directors 

• Overview on company directors
• Notions on company directors
• Types of directors
• Rights and power of Directors
• Appointment of directors
• Remuneration and other benefits for directors
• Notions on liability of directors
• Definition of liability
• Types of liabilities
• Notions on limited company
• Definition of limited company
• Types of liability limitation

Analysis of the Role and Liability of Directors 

• The duties of company directors
• Duties and obligations of company directors under Cyprus companies’ laws
• Nature and the basis of director’s duties
• Fiduciary duties of directors
• Directors’ duty and corporate responsibility
• Duty of directors in implementing the policies of the company and protecting the interests of the shareholders
• Duty of the directors in the daily management of the company
• Analysis of liability of directors
• Liabilities of company directors in case of breach of duty
• Administrative Liabilities directors
• Civil liabilities of company directors
• General conditions of civil Liability
• Special conditions of civil liability
• Criminal liability
• Solution proposed de lege ferenda on limitation of directors’ liability

General Conclusions

Who should attend

The programme is suitable for:

• Company Directors
• Board Chairs
• Senior Management
• Corporate Secretaries
• Compliance Officers
• Governance Professionals
• Investors and Shareholders
• Internal Auditors
• Internal Lawyers

Training Style

The programme is designed to deliver knowledge and enhance participants’ skills via short lectures, case-studies, practical examples, real-life simulations. Some of the training time will be invested in analysing a real-life case study that will help participants to further understand the topic.

CPD Recognition

This programme may be approved for up to 7 CPD units in Law. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

In-house Training

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