ΠΕΡΙΓΡΑΦΗ

This short course offers company directors, senior executives, legal professionals, and compliance officers a clear understanding of their core legal duties and liabilities under Cyprus Companies Law (Cap. 113). Participants will explore real-life scenarios and practical case studies that illustrate how breaches of fiduciary and statutory duties can lead to civil or criminal consequences.

The session emphasises current legal standards, governance expectations, and tools available to mitigate risks, such as Directors’ and Officers’ Insurance and effective board practices. By the end of the training, attendees will be equipped to make more informed decisions and safeguard their roles within the corporate framework.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

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.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

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.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

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

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.