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Too many directorships?

How many directorships is too many?

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Doing some research on a company via Companies House, and I noticed that the finance director (an ICAEW Chartered Accountant) is listed as a current director on 78 companies.  Given some of these companies have turnovers of millions of pounds, and some are loss-making (and relying on group support), can any accountant really say that he/she is really fulfilling his ethical duties properly if they are involved in so many companies?

Would be interested to know what everyone else thinks.

 

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21st Nov 2018 11:19

Depends.

He might be on board for some particularly specialist role.

It's up to the companies involved to weigh up whether he's worth paying.

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By DJKL
to lionofludesch
21st Nov 2018 12:05

Depends if they are in a Group relationship, if they are probably not getting paid by most of them.

I have a fair few Comp Sec roles/ Trustee roles (though not 78) in my day job but only one of our entities pays me a salary.

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21st Nov 2018 12:04

One of the cases which I'm dealing with at present, has a Solicitor, who's a Director of that company and, at least 50 others.

I'm afraid my days are far too filled as they are, without concerning myself about whether third parties are fit and proper.

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