Guidance Notes: Directors' Duties & Conflicts of Interest

These Guidance Notes are a concise, practical guide for private companies covering the law surrounding directors' duties (sections 171-177 Companies Act 2006), with an emphasis on conflicts of interest.

These Guidance Notes include a discussion of:

• the scope of directors' duties; 
• each individual duty (sections 171 - 177 of the Companies Act 2006); 
• situations where a declaration of a conflict of interest is advisable;  
• connected persons; 
• how a company can avoid a conflict of interest; 
• what happens if a director has a conflict of interest; 
• the consequences of a breach of directors' conflict of interest duties; and
• the consequences of a breach of general duties.

These Guidance Notes are a useful summary for a company secretary or company director new to the role or a refresher for a more experienced company administrator or director.

These Guidance Notes are in open format.

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Guidance Notes: Directors' Duties & Conflicts of Interest is part of Corporate . Just £35.00 + VAT provides unlimited downloads from Corporate for 1 year.