Corporate Governance · glossary
A standing position, not a single deal, in which a director's other interests could pull against the company's, such as a stake in a competitor. The director tells the chair at once, in writing. The board may then authorise it on conditions. Charter §8.2 · Chapter 4 · Chapter 5
Explained in Chapter 4, Conflicts: The Packaging Contract, of Corporate Governance.
Section 175 covers a standing position, such as a stake in a competitor. This is a situational conflict. The director must avoid it unless the board authorises it, and Chapter 5 runs one from start to finish.Read Chapter 4, Conflicts: The Packaging Contract →
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