Duties and responsibilities of directors in Europe 2005


With increased consolidation of business across Europe, executives of multinational groups can find that they are required to become directors of companies in a variety of jurisdictions, often at short notice.

The rules relating to directorships vary considerably from jurisdiction to jurisdiction. The CMS Duties and responsibilities of directors in Europe publication, is intended to provide an overview of the duties and responsibilities of directors across 13 jurisdictions in Europe, answering the most frequently asked questions for directors coming from another jurisdiction.

Jurisdictions covered include Austria, Belgium, Czech Republic, France, Germany, Hungary, Italy, The Netherlands, Poland, Russia, Spain, Switzerland and the United Kingdom. For each jurisdictions the following key question areas are covered: eligibility requirements, method of appointment, method of removal, authority and representation, working rules of the board, contractual relationship with the company, conflicts of interest, duties of a director, liability, limitation of liability, immigration issues, taxation and social security.