The Chartered Governance Institute has produced guidance on company directors’ general duties under the Companies Act 2006.
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
If you would prefer not to subscribe, please let me know and I will download and forward a copy to you.
Contact Richard Jenkins on 024 7698 0613 or Richard@clariclegal.co.uk for further advice or assistance.