Directors and Conflicts of Interest - Changes under Companies Act 2006

01.01.08

Directors and Conflicts of Interest - Changes under Companies Act 2006

The Companies Act 2006 (the Act) overhauls UK company law. It is coming into force in stages. A key change relates to directors and conflicts of interest. There is currently a "no-conflicts" rule under common law. However, some changes come into force on 1 October 2008. We recommend that the boards of private companies take the following steps in advance of this date.

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