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Director’s Duties

Phillips, Luke (2021) Director’s Duties. Sunderland Student Law Journal, 2. pp. 87-92. ISSN 2634 -193X

Item Type: Article

Abstract

The introduction of the Companies Act 2006 brought significant changes as regards to the duties owed by directors to a company. It can be argued that the restrictions on company’s directors under s175 Companies Act 2006 are strict and inflexible. The result of the rule could possibly mean that a director can never make a profit from a transaction outside of their company without it amounting to a conflict of interest and therefore will be liable to account for any profit made. However, certain rules and case law surrounding directors’ duties may prove s175 Companies Act 2006 to not be as strict and inflexible as it seems at first glance. If a director was to follow a correct procedure, it is entirely possible they may make profit despite the issues surrounding conflicts of interests. This paper explores these possibilities.

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More Information

Depositing User: Leah Maughan

Identifiers

Item ID: 13429
ISSN: 2634 -193X
URI: http://sure.sunderland.ac.uk/id/eprint/13429

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Catalogue record

Date Deposited: 27 Apr 2021 17:02
Last Modified: 02 May 2023 10:55

Contributors

Author: Luke Phillips
Editor: Ashley Lowerson

University Divisions

Faculty of Business, Law and Tourism > School of Law
Faculty of Business, Law and Tourism > Sunderland Law School

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