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Guidance on the Duties and Responsibilities of Directors 29 May 2007

The Financial Supervision Commission has revised its Guidance on the Duties and Responsibilities of Directors to take account of the different requirements for directors of companies registered under the Companies Act 2006, which came into operation in October 2006. A significant change is that 2006 Act companies are permitted to have corporate directors and the guidance therefore refers to corporate directors and the position of directors of corporate directors.

The guidance can be found at http://www.gov.im/fsc/handbooks/guides/csps/CSP-Section5.xml

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