Directors Legal Duties Corporate Law Basics For information and business law advice on the legal aspects of duties that directors owe to their companies, you have come to the right place. It is essential for those operating and managing corporations to understand their obligations because their impact on corporate dealings could be severe in the event of a failure to comply with legal obligations. These duties are relevant to anybody who is either an owner or manager of a company be it a small to medium enterprise or indeed the larger corporations.