The latest edition of the ‘Guidelines for Jersey Directors’ has been updated by Advocate Robert Gardner and Advocate Edward Drummond of Bedell Cristin.
The IoD says that the purpose of the guidelines are to increase standards of corporate governance, maximise profits for shareholders, minimise losses for creditors, warn directors of pitfalls, reduce the risk of financial or reputational loss and to ensure that directors receive fair remuneration for their labours and the risks they take.
IoD Jersey chairman Chris Clark said: “As the Island comes under ever increasing scrutiny, it is imperative that our company directors maintain the highest standards and are armed with the latest information on any shift in their duties and responsibilities. A lot can change in four years, so I urge fellow directors to attend.”
