Corporate Governance · glossary
A director telling the other directors the nature and extent of her interest in a proposed deal with the company (section 177). Under the charter she declares before the board takes the item. “My husband owns the supplier outright” is a declaration, and “I have an interest” is not. Charter §5.2 · Charter, Schedule F · Chapter 4
Explained in Chapter 4, Conflicts: The Packaging Contract, of Corporate Governance.
The main page for this term is Duty to declare an interest in a proposed transaction (section 177), in this edition.
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