ΠΕΡΙΓΡΑΦΗ

In today’s complex business environment, understanding the legal landscape surrounding corporate roles is crucial for ensuring compliance and effective governance. This intensive 3-hour seminar, designed specifically for directors (both executive and non-executive), legal professionals, corporate secretaries/administrators, and insurance agents in Cyprus, delves deep into the realm of corporate accountability, focusing on the liabilities of company officers under Cyprus law.

Our approach combines interactive lectures featuring PowerPoint presentations enriched with legal references and case law, engaging case studies and group discussions. This format is designed to not only impart theoretical knowledge but also to apply these concepts to real-world scenarios. The seminar concludes with Q&A sessions to solidify understanding and address any lingering questions.

What Will You Learn?

Participants will emerge from this seminar with a comprehensive understanding of:

• The statutory, fiduciary, and common law duties of company directors and secretaries in Cyprus.
• The various forms of liabilities arising from compliance or breaches of these duties.
• Practical strategies for managing and mitigating legal risks in corporate governance.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

• Lawyers
• Corporate Administrators
• Auditors
• Bank Professionals
• Accountants
• Compliance Officers
• Legal Advisors
• Advocates

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Course Content

Module 1 The Liabilities of a Company Secretary in a Private Ltd Company

• This module will delve into the specific liabilities of company secretaries under Cyprus law. It will explore the scope of their duties, the potential legal consequences of breaches, and the avenues for relief from liability. The module content will be as follows:
• Overview of the responsibilities of company secretaries in Cyprus
• The administrative role of the company secretary
• Statutory obligations and duties of the Company Secretary
• Fiduciary duties of the company secretary
• Liabilities for breach of duties – with relevant case law provided.
• Relief from liability of the company secretary
• Delegation of power to company secretary – who is liable?
• Ratification of company secretary actions by director/shareholder.
• Risk management and compliance.

Module 2 The Liabilities of Directors in a Private Ltd company:

• This module will provide an in-depth analysis of the duties and liabilities of company directors, with a focus on the legal framework in Cyprus, referencing the Companies Law, Cap. 113, and relevant case law from the UK and Cyprus. The module contents will be as follows:
• Overview of the statutory role and duties of a company director under Cyprus law.
• Powers according to table A and possible powers that could be included in the articles.
• FiduciaryDuties of Directors
• Exercising independent judgement
• Duty to exercise skill and care and good faith
• StatutoryDuties
• Liability during winding up.
• Criminal Liability risks
• Liability of executive and non-executive directors
• Nominee directors.
• Insurance for Liability and Directors indemnity agreements.
• Risk mitigation strategies.