Conflicts – Monitoring and Compliance

Company directors must make every effort to avoid situations where there may be a conflict (or potential conflict) of interests between the interests of the Company on the one hand and the director’s own personal, professional, and business interests on the other. Directors must also not accept benefits from third parties by reason of their office or of doing or not doing anything as a director.

In this regard, the Companies Act 2006 places requirements on directors to declare their interest(s), direct or indirect, in any existing or proposed transaction or arrangement to which the company is a party. This includes the interests of a person “connected to” the director, such as his/her spouse.

This subfolder contains template documents that relate to monitoring and declaring directors’ interests. This includes a guidance note, declaration notices, template wording for board minutes to declare interests, shareholder resolutions, a conflicts of interest policy as well as a conflicts register and a gifts and hospitality register.

Each document in the Directors’ Conflicts of Interests subfolder is compliant with the Companies Act 2006.

• Guidance on Directors and the Companies Act 2006
• Conflicts of Interest Policy (private limited company)
• Declaration of Director’s Interest in Proposed Transaction (s.177)
• Declaration of Director’s Interest in Existing Transaction (s.182)
• General Notice of Director’s Interests (s.185)
• Board Minutes to Declare Directors’ Interests
• Shareholders’ Ordinary Resolution - Enabling Directors to Authorise Conflicts of Interest
• Shareholders’ Ordinary Resolution to Approve a Substantial Property Transaction
• Conflicts of Interest Register
• Register of Interests (Gifts & Hospitality)

Directors’ Conflicts of Interest is part of the Corporate folder. Access all Corporate documents for £35+VAT.