Abstract
This chapter focuses on the terms of service of directors, which is often a matter for negotiation between the parties and incorporated within a written service agreement. Additionally, the Companies Act 2006 establishes certain restrictions and controls upon directors' service agreements. Courts have tests that determine where a director is employed under a service agreement with the sources of contractual rights. The chapter elaborates on the considers the rights and duties of directors which result from their contractual obligations, as opposed to the general duties that are now codified in the Companies Act. It notes how the Enterprise and Regulatory Reform Act 2013 raised an amendment on the means of scrutinizing directors’ remuneration.
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