Directors’ Interests – Non Statutory Register Setting Out Interests
Register of Directors’ Interests
Companies must keep certain statutory registers. These include a register of members, register of directors, register of directors’ residential addresses, register of secretaries (if applicable) and register of people with significant control (PSCs). However many companies will as a matter of good practice also keep other registers and in particular a register of directors’ interests. This register was a statutory requirement under the Companies Act 1985 but is not a statutory register under the Companies Act 2006.
This Register of Directors’ Interests is set out in the form of a table that may be kept by a company secretary or administrator to outline the nature of interests that each director holds, including relevant dates. Maintaining this type of record makes it easier for companies to monitor interests that may potentially give rise to future conflicts.
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