Clause wording: You
shall at all times keep the [Managing Director/Board of Directors] of the
Company promptly and fully informed (in writing if so requested) of your
conduct of the business, finances or affairs of the business for which you are
responsible and you shall provide such explanations and supply such information
in your possession as the Company may require in connection with your conduct
of the business, finances or affairs of the business.
When to use this document
Use this clause when you want to make it clear that, in addition
to any duties narrated in a job description the director has a specific
obligation to keep his fellow directors informed about what is going on in the
business. |
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