Companies Act 2014 section 1088

Number of directors of a PLC

Section 1088 sets out the minimum number of directors required for a public limited company (PLC) and disapplies certain provisions relating to sole directors.

• A PLC must have at least two directors at all times.
• This contrasts with private companies limited by shares, which may operate with a single director under the Act.
• Any provisions in Parts 1 to 14 of the Act that deal with companies having a sole director do not apply to PLCs.
• PLCs must therefore always ensure that a minimum of two individuals are appointed to serve as directors.