Directors are tasked with the management and control of their business. In
the current pandemic this will cause directors to consider their duties and
the actions that they take even more carefully and document these matters
in board minutes as a record of matters considered and decisions made.
Directors’ duties and responsibilities as set out in the Companies Act
2006, continue to apply notwithstanding the COVID-19 pandemic and directors
must act in a way they consider most likely to promote the success of the
company, for the benefit of the members as a whole. COVID-19 may mean
interpreting this duty in a broader and different way than usual.
Directors are unlikely to be held to have breached their duties if
decisions made, whatever their financial outcome, have been made to
safeguard employees and ensure the company’s continued viability.
These board minutes refer to the COVID-19 pandemic and set out the matters
that the company has and will consider to successfully navigate the impact
of the pandemic on the company’s business. These board minutes allow the
directors to acknowledge their duties, have a written record of their
actions and the matters that they considered in coming to their decisions.
Once you have subscribed to the appropriate document folder click on the
“Download Document” button below. You will be asked what you want to do
with the file. It is recommended that you save the document to a location
of your choice prior to viewing.