Directors' Duties & Conflicts

PLEASE BE AWARE THAT THE ECONOMIC CRIME & CORPORATE TRANSPARENCY ACT 2023 IS BEING IMPLEMENTED IN PHASES AND MAY CHANGE SOME OF THE TEMPLATES BELOW. 

The templates below detail the duties of a company director in a private company as well as the law surrounding directors’ conflicts of interest  in order to assist a company secretary or administrator managing these processes.

It includes a Guidance Note: Directors’ Duties & Conflicts of Interest, which is a concise, practical guide for private companies covering the law surrounding directors' duties, and particularly conflicts of interest . These are prescriptive areas of the law and the guidance note aims to summarise the various different common law and legislative requirements.

The other documents listed below are the shareholder resolutions, board minutes and letters that will be required in the process of adhering to the law in this area.

• Guidance Notes: Directors’ Duties & Conflicts of Interest
• Shareholders’ Ordinary Resolution - Enabling Directors to Authorise Conflicts of Interest
• Letter to Companies House – File Shareholder Resolution to Authorise Conflicts of Interest
• Board Minutes – Declaration Of Director's Interests
• Letter – Declaration of Director’s Interest in Proposed Transaction (s.184)
• General Notice of a Director’s Interests (s.185)
• Shareholders’ Ordinary Resolution to Approve a Substantial Property Transaction
• GDPR Memo to Board of Directors
• Board Minutes - GDPR Compliance
• Conflicts of Interest Policy (private limited company)
• Declaration of Director’s Interest in Proposed Transaction (s.177)
• Declaration of Director’s Interest in Existing Transaction (s.182)
• General Notice of Director’s Interests (s.185)
• Board Minutes to Declare Directors’ Interests
• Conflicts of Interest Register
• Register of Interests (Gifts & Hospitality)

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