What does the new directors' conflicts of interest regime mean for company directors - and for the lawyers who will have to advise them on it? Since 1 October, 2008, a director of a company (whether public or private) has had a new statutory duty to avoid situations in which he has, or can have, a direct or indirect interest that conflicts, or may possibly conflict, with the interests of the company (referred to here as "situational conflicts").
October 22, 2008 at 09:01 PM
1 minute read
The original version of this story was published on Legalweek
What does the new directors’ conflicts of interest regime mean for company directors – and for the lawyers who will have to advise them on it?
Since 1 October, 2008, a director of a company (whether public or private) has had a new statutory duty to avoid situations in which he has, or can have, a direct or indirect interest that conflicts, or may possibly conflict, with the interests of the company (referred to here as “situational conflicts”).
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