|>>|| No. 13131
As a director, you are legally responsible, jointly and severally with the other directors, for the company's actions. This includes, amongst other things, a duty to act in the best interests of the company, which would include staying informed about company business and not standing idly by while your mates run it into the ground. Also bear in mind that if it is a company they want to start, your name and address will appear on the public register for any disgruntled creditor to see.