Yes. Without the right information, it will be difficult for you to fulfil your responsibilities and to protect yourself from claims. These include the requirement to exercise an acceptable degree of care in your actions as a director. Ignorance is not a defence to breach of directors' duties.
In many companies, individual directors such as the finance director take primary responsibility for particular areas. Even so, every director would normally expect to see management accounts and any other important information regarding the overall position of the company. If the company gets into financial trouble, so that directors' actions are scrutinised by a liquidator or administrator, each director, whether financially literate or not, will be expected to have given their attention to the accounts, queried any aspect that they did not understand and pressed for appropriate remedial action.
