Directors’ duties
Background
The Companies Act 2006 sets out a director's fiduciary duties in statute for the first time. These include duties:
- to promote the success of the company;
- to avoid conflicts of...
Latest news and views tagged Directors’ Duties
RSSNon-executive directors and conflicts of interest: what is the legal position?
I was recently asked to provide an answer to an employment question posed in Jonathan Moules’ ‘Business Questions’ column in The Financial Times newspaper, which appeared in the Saturday 30 July...
Do you want to be a director?
If you are asked to be a director of a company, you should ensure that you are aware of the directors' duties which will apply to you and understand the circumstances in which you may become personally...
Company gets injunctive protection from prickly director – Hedgehog Golf Co Limited v Frank Hauser, High Court
Hedgehog applied to the High Court for a perpetual injunction preventing its former director, FH, from disclosing confidential information about Hedgehog and its business. The business involved the sale...
Amendments to information required for annual returns
The Department for Business, Innovation and Skills announced on 24 March that it plans to amend some of the information required in the annual returns filed by companies. The amendments are set out in...
FSA imposes its second largest fine on JJB Sports plc
JJB Sports PLC (JJB) has been fined by the Financial Services Authority (FSA) after it failed to disclose to the market full details of its acquisitions of the retail chains Original Show Company (OSC)...
Bribery Act on hold
The Ministry of Justice (MoJ) has announced that the implementation of the Bribery Act, which had been due to take place in April 2011, has been delayed whilst guidance on the legislation is written.
The...
Safeway asks Supreme Court to review Court of Appeal’s decision on director’s liability for competition law breach
Following the Court of Appeal’s rejection of Safeway’s attempt to have its former directors and employees pay its fines for breach of competition law (see here), Safeway has asked the Supreme Court...
Merry Christmas! The Government is considering changes to the Companies Act 2006
As if directors do not have enough to think about at this time of year, what with New Year cashflow worries, and their families asking for more and more at Christmas, then the Department of Business, Innovation...
New report published on corporate governance for unlisted EU companies
Earlier this year, the European Confederation of Directors’ Associations and the Institute of Directors published guidance on corporate governance for unlisted companies in the EU. This guidance has...
