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How must a UK director handle a conflict of interest?

A director must avoid a situation in which a personal interest conflicts or possibly may conflict with the interests of the company, and must declare the nature and extent of any interest in a proposed or existing transaction before the company enters into it. The situational duty is not breached where the matter has been authorised by the independent directors, if the articles allow that, or by the members. A failure to declare an interest in an existing transaction is a criminal offence.

Dela sidan

Source

Source
Companies Act 2006, sections 175, 177 and 182
Acts
Companies Act 2006
Area
Company, accounts and insolvency
Checked
2026-09-22
Companies Act 2006Open the official text ↗

Questions

What are the general duties of a UK company director?Companies Act 2006, sections 171-177What must a UK private company file at Companies House each year?Companies Act 2006, Parts 15 and 24What is the deadline for filing annual accounts at Companies House?Companies Act 2006, sections 441 to 442What are the penalties for filing company accounts late in the UK?Companies Act 2006, section 453 and the Companies (Late Filing Penalties) Regulations 2008When is a UK company exempt from a statutory audit?Companies Act 2006, sections 475 to 479How often must a UK company file a confirmation statement?Companies Act 2006, sections 853A to 853LWho counts as a person with significant control of a UK company?Companies Act 2006, Part 21A and Schedule 1AMust UK directors verify their identity with Companies House?Economic Crime and Corporate Transparency Act 2023, Part 1What is the failure to prevent fraud offence for UK companies?Economic Crime and Corporate Transparency Act 2023, sections 199 to 206What is an appropriate registered office address in the UK?Companies Act 2006, section 86, as amended by the Economic Crime and Corporate Transparency Act 2023When can a UK director be personally liable for wrongful trading?Insolvency Act 1986, section 214How does the UK standalone moratorium for company rescue work?Insolvency Act 1986, Part A1, inserted by the Corporate Insolvency and Governance Act 2020What are the objectives of administration in the UK?Insolvency Act 1986, Schedule B1, paragraphs 3 and 76How long can a UK director be disqualified?Company Directors Disqualification Act 1986, sections 6, 13 and 15When does a UK company need shareholder approval to deal with a director?Companies Act 2006, sections 190 to 196

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