Directors’ conflicts of interests under the Companies Act 2006

Download document:

Directors’ conflicts of interests under the Companies Act 2006 - .PDF file.

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.