Legal updates: directors’ conflicts of interest

In this month’s legal updates, Sophie Brookes and Debbie Shaw examine directors’ conflicts of interest and transactions in Humphrey Bennett, extension reform of listing rules and financial promotion exemptions

Directors’ interests and conflicts

In Humphrey v Bennett [2023] EWCA Civ 1433 the Court of Appeal considered the provisions of the Companies Act 2006 relating to directors’ conflicts of interest and interests in transactions.

The statutory duties

Company directors are subject to various duties which govern the fiduciary relationship between them and the company for whom they act. A number of those duties are designed to manage the conflicts of interest that could arise between a director's duty to the company and either the director's own interests or their duties owed to a third party.

In particular:

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Finance | Legal updates: unfair prejudice petitions not subject to statutory time limits

Finance | Legal updates: tail clauses, engagement letters and advisor fees

Finance | Legal updates: Court of Appeal clarifies s172 directors’ duties

Navigate

Tax Services

Directors’ interests and conflicts

Your free features:

Sign up to Business & Accountancy Daily