Directors' conflicts of interests under the Companies Act 2006
The provisions in the Companies Act 2006 relating to directors’ conflicts of interests and their disclosure came into force on 1 October 2008.
This note explains the changes made to the law and sets out practical steps companies should take to ensure compliance with the law.
The act includes the following directors’ duties: a duty to avoid a situation that gives rise or may give rise to a conflict of interest; a duty to declare interests in transactions and arrangements (which must be disclosed to the board but need not be approved); and a duty not to accept benefits from third parties that are conferred on them either because they are directors or for doing (or not doing) something as a director…
If you are registered and logged in to the site, click on the link below to read the rest of the Hogan Lovells briefing. If not, please register or sign in with your details below.
News from Hogan Lovells
News from The Lawyer
Briefings from Hogan Lovells
The decision of the US Court of Appeals has raised questions about how issuers should present their disclosures on conflict minerals under Exchange Act Rule 13p-1 and Form SD.
An interesting judgment was delivered by the Honourable J Majiki on 19 November 2013 in the Eastern Cape High Court, Port Elizabeth.
Analysis from The Lawyer
As international firms question their future in these small, closely linked markets, local lawyers too are eyeing the business environment with caution
Beyond the headline infrastructure projects, UK construction work is still recovering from the clobbering it took during the slump