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These are called the 'general tasks' of business directors, under the Business Act 2006. In  Morton Baxter Associates Limited , the 7 main tasks are: To act within powers This means acting within the company's constitution, and just working out powers for the functions for which they are given to (as such making decisions which solely revolve around the building and its management).

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In this case, the effect on the building and its running, the owners of the other units, the consistency between all neighbours, or to keep the positive reputation of the building. To exercise independent judgement A director has the task to make choices without influence from other members of the business.

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To work out sensible care, skill and diligence This sets out that a director needs to display the understanding, ability and experience set out in the unbiased test. If you already have experience of being a director of a PMC, your expected 'requirement of care' would be higher. It would be anticipated that you would know when a mistake has actually been made, or you would reasonably understand how to act in the event of a problem.

To avoid conflicts of interest A director should avoid circumstances in which they have, or can have, a direct or indirect interest that conflicts with, or might conflict with, the business's interests. This duty continues to use to individuals who stop to be a director in the event that this individual understood of possible disputes of interest (and didn't act upon it) before resigning from the position.

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To state an interest in a proposed deal or arrangement A director can refrain from doing this unless they have the approval from the members of the business, or is appropriately authorised under the short articles of association the director involved need to divulge their interest to the other directors of the business. These duties are owed to the business (and its members) by the director, and can only be enforced by the business.

Creditors are also incredibly important to keep in mind when considering director tasks. It's mentioned in s. 172( 3 ) of the act any choice made by a director must think about the ideas of any financial institutions the business may have. Although the main point of focus will be obligations to the members of the company, it's also vital to keep in mind the function of the PMC the property.