When directors choose their own rules

IN his speech to the US House of Congress in 1951, General Douglas MacArthur famously said, “Old soldiers never die, they just fade away.” This week, we take a look at the Companies Act 2016, which puts a twist on that saying to suggest that old directors never leave, they just stay put for as long as they can.

The Companies Act 2016, which is now in force, is essentially a “new and improved” version of the Companies Act of 1965.