Husband offered directorship. Pls explain it to me like I'm five.

[Pixiedustfan]

Dh has been asked if he would like to become a director of the Ltd company he works for. Both of us aren't really business savy. I've just googled as he's at work. If he takes it does this meN he would be responsible for any debt of the company. He wouldn't have shares.

Please can someone explain what the risks are?

Director isn't a protected word.
I have been a "Director" of a few things when I was employed but wasn't actually a Director at all until I set up my own business

Lots of people have Director in their title (sales director, operations director etc) without being on the board of directors.

Yea he is just making no money for the stakeholders whilst shouldering the responsibility.

Realise this is an old thread, but for anyone else whose partner just got offered a "director" title with no shares attached, the short answer is yes on the debt if things go wrong. Director First helped us understand that being a director without shares is all the risk and none of the upside unless you get a proper indemnity written in. That's how we finally stopped losing sleep over a meaningless job title.