Question:
I have a client company with 2 directors, one has a 99% shareholding and the other holds 1%.
Do both directors have to sign the accounts? The 1% shareholder/Director primarily acts as a Non-Executive Director?
Answer:
The Board of Directors, in your case both Directors, are required to approve and sign under 324(1) CA2014, unless the company is a Limited Company which has only one director, the documents should be signed by the sole director.
A nonexecutive Director, that being your 1% shareholding Director is still required to sign.