Corporate Governance · glossary
A director must avoid a situation in which her interests conflict, or may conflict, with the company's, such as a stake in a competitor. The duty applies even with no deal in view. The other directors may authorise the situation on conditions, without her counting or voting. Charter §8.2 · Charter §8.3 · Chapter 3 · Chapter 5
Explained in Chapter 3, The Seven Duties, of Corporate Governance.
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Corporate Governance and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Corporate Governance → · All terms A–Z →