This indispensable source of reference on all areas of company law, provides expert, practical and jargon-free advice on every aspect of the role. Even before the new Companies Act, directors faced a minefield of obligations and liabilities - now these are more numerous and more complex. Significant new and existing liabilities and obligations are clearly explained, with an emphasis on what the law means in practice and how best to minimize risk and avoid potential penalties. This new edition has been fully revised and updated to take account of the new Companies Act 2006, which came into force during 2009, and all new employment law legislation.