Directors Duties – Guidance

The Chartered Governance Institute has produced guidance on company directors’ general duties under the Companies Act 2006.

The guidance can be found here (ICSA free subscription required):

In summary, the document includes guidance on the following:

• The duty to act within powers

• The duty to promote the success of the company

• The duty to exercise independent judgment

• The duty to exercise reasonable care, skill and diligence

• The duty to avoid conflicts of interest

• The duty not to accept benefits from third parties

• The duty to declare an interest in a proposed transaction or arrangement

• The declaration of interest in existing transaction or arrangement

• Consequences of breach of duty

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Contact Richard Jenkins on 024 7698 0613 or Richard@clariclegal.co.uk for further advice or assistance.