"A director needs to wear many hats"

Thursday 26 October 2023

The need for a director to be aware of their fiduciary duties will be the focus of a workshop being launched via the IoD Next Gen Forum.

The Institute of Directors is welcoming Abel Lyall from Mourant who'll be leading the workshop.

The IoD said the event "aims to provide the next generation of Guernsey’s business leaders with core skills relevant for those who will be sitting on boards in the near future.  

"This session will explore the role of directors and the nature of directors' duties focusing on the problems that arise from financial stress and potential insolvency, looking at examples as to how boards can address these issues."

It'll cover the test for insolvency and how this impacts a director's duties, legal risks faced by directors and relief from liability, among many other important issues.

"A director needs to wear many hats and have crucial skills and knowledge for any circumstance. We hope that this workshop will provide genuine insight into the duties of a director for Guernsey’s next generation of leaders," said Chair of the Iod Next Gen Forum, Tom Zierer.

The event is being held at Mourant's offices and places can be booked HERE.