Can anyone be a director or secretary in my company?

• There are rules governing who can act as a director or secretary of a company.
• Because these company officers have a duty to manage the company for the benefit of the shareholders there are certain standards that must be complied with.
• Generally speaking you cannot be a director if you:
  • are an undischarged bankrupt;
  • are subject to personal insolvency agreements; or
  • have been convicted of an offence such as fraud, theft, breach of director duties or insolvent trading.

• Some exceptions may be made if you obtain court consent but this will only be in special circumstances.