Watchdog warns about legal duties of company directors

The Corporate Enforcement Authority said: "From the moment that a person consents to become a director of any company, that person assumes significant legal responsibilities"

The warning comes amid widespread concerns there is a lack of understanding about the legal responsibilities entailed in becoming a director, no matter how small the company is.

People should be wary of accepting directorships of companies that they know little about, the Corporate Enforcement Authority has said.

The warning comes amid widespread concerns there is a lack of understanding about the legal responsibilities entailed in becoming a director, no matter how small the company is.