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Dock(s) mode demploi However, if your company is insolvent, or there is a real risk of insolvency, your duties expand to include creditors (including employees with outstanding entitlements). General duties. General duties imposed by the Corporations Act on directors and officers of companies include: Overview of Duties. The main duties of a director as taken from the statutory statement of director’s duties. 1. Act within their powers. A director must act within his powers under the company’s constitution and only exercise his powers for the purpose for which they were conferred (CA 2006, s171). 6. Directors’ ‘general duties’ under the Companies Act 2006 28 7. Directors’ responsibilities concerning accounting and reporting 47 8. Directors’ other statutory responsibilities 61 9. Directors’ transactions with their company 71 10. Consequences of breaches of directors’ responsibilities 82 11. 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