| Commentary

18 Directors duties of disclosure

| Commentary

3: DIRECTORS’ INTERESTS

18 Directors duties of disclosure

The usual duties imposed upon directors, for example those related to disclosure, directors’ service contracts and substantial property transactions, will apply in the context of a takeover or company reorganisation. A director’s main duty of disclosure under the Companies Act 2006 is the duty to disclose to the other directors the nature and extent of any direct or indirect interest he may have in any contract or proposed transaction or arrangement with the company1.

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