| Commentary

47 Duty to avoid conflicts of interest

| Commentary

47 Duty to avoid conflicts of interest

A company director must avoid a situation in which he has, or can have, a direct or indirect interest that conflicts, or possibly may conflict, with the interests of the company1. This applies in particular to the director’s personal exploitation of any property, information or opportunity2. The duty does not apply to a conflict of interest arising in relation to a transaction or arrangement with the company3because under the Companies Act 2006, a director may surmount any problems caused by such a conflict by making an appropriate declaration of his interest4. The duty

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial