Corporate Governance · glossary

Seven general duties

The duties every director owes the company under sections 171 to 177 of the Companies Act 2006. She must act within powers, promote its success, judge independently, take care, avoid conflicts, refuse third-party benefits and declare interests in deals. They are owed to the company, not to any shareholder. Charter §5.1 · Chapter 3

Explained in Chapter 3, The Seven Duties, of Corporate Governance.

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