Company directors
Directors are responsible for managing the company’s day-to-day business and may, or may not, be shareholders. Directors owe duties to the company, to its shareholders, and to others dealing with the company.
Directors must act honestly in what they believe to be the best interests of the company and with such care as may reasonably be expected of them in all the circumstances.
Directors must not carry on the business in a manner likely to create a substantial risk of serious loss to the company’s creditors (also called 'reckless trading').
Obligations as a director
Directors owe duties to the company, to its shareholders, and to others dealing with the company. It is essential directors are aware of what their responsibilities will be before they consent to become a director for a company.
Update director details on the register
Any changes in the director(s) of a company or information relating to the director(s) must be notified to the Registrar.
Institute of Directors in New Zealand (Inc)
The Institute of Directors in New Zealand (Inc) is a non-profit membership organisation dedicated to the promotion of effective corporate governance, representing directors' interests and facilitating their development through training.
![[link to business.govt.nz website].](http://www.business.govt.nz/companies/images/portlet-images/business-govt-nz-webtile.jpg "[link to business.govt.nz website].")
