Guidance Notes: Directors’ Duties & Conflicts of Interest

These Guidance Notes are a concise, practical guide for private companies on directors’ duties under the Companies Act 2006 (sections 171 to 177), with particular emphasis on conflicts of interest.

Use these Guidance Notes to understand directors’ duties and conflicts

The Guidance Notes discuss:

• the scope of directors’ duties;
• each individual duty (sections 171 to 177 of the Companies Act 2006);
• situations where a declaration of a conflict of interest is advisable;
• connected persons;
• how a company can avoid a conflict of interest;
• what happens if a director has a conflict of interest;
• the consequences of a breach of directors’ conflict of interest duties; and
• the consequences of a breach of general duties.

A practical reference for directors, company secretaries and administrators

These Guidance Notes are a useful summary for a company secretary or company director new to the role, and can also be used as a refresher for more experienced company administrators and directors.

Guidance Notes: Directors’ Duties & Conflicts of Interest is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.