Abolition of corporate directors
Expected implementation: April 2016
By new sec156A, sec156B and sec156C of CA 2006 (inserted by sec87 of the Small Business, Enterprise and Employment Act 2015) only natural persons may be company directors. This is subject to any regulations made under these provisions, though these must provide that a company must have at least one natural person as a director. Any corporate director in office when these provisions come into effect must cease to be a director 12 months after the provisions come into effect.