Company directors increasingly have to deal with personal identity theft on top of already substantial compliance requirements to meet their directors’ duties. The risk of identity theft is even greater for those company directors based in London than in other areas of the United Kingdom.
In the not too distant past, a directorship in a bank, insurance company or financial services firm was seen as a lucrative and career-defining role. Many directors built a career out of having a portfolio of Board appointments, which involved a significant degree of responsibility to the organisation, but, in many circumstances, little personal regulatory oversight.
Fire Safety is just one of the many issues with which management must concern themselves. However, unlike a lot of other safety concerns, fire has the potential for large scale and devastating consequences.
Many professionals harbour a dream of one day being promoted to director level within their organisation, but not all of them appreciate what responsibilities they are taking on when stepping into that role. Whilst every business is different, they all face similar litigation and regulatory challenges. Challenges that we predict are likely to become more rather than less onerous in the years to come.