New law for business owners and Directors - Lasting Power of Attorney
The Mental Health (Discrimination) Act 2013 takes out the option to remove a company Director because of mental health problems. This effective makes mental health problems a protected characteristic under the S4 Equality Act 2004 so that the same rules apply for partnerships or even sole traders. 1 in 6 of us under 65 will take time off for mental health problems during our working lifetime. The term mental health covers a wide range of illnesses from long-term dementia to taking time off for stress-related illness and everything in between. So how would your company function without one of its key decision makers? It could have serious implications for your business. For example what if the bank finds out? They could call in any loans or overdrafts! If they think their money is jeopardized in any way they can ask for it back. Bear in mind that if your accountant or other professional, knows about a mental health problem, they have a professional duty of care to notify anyone affe