Show Summary Details
Page of

(p. 179) 8. A statutory statement of directors’ duties 

(p. 179) 8. A statutory statement of directors’ duties
(p. 179) 8. A statutory statement of directors’ duties

Brenda Hannigan

Page of

PRINTED FROM OXFORD LAW TROVE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Law Trove for personal use (for details see Privacy Policy and Legal Notice).

date: 25 October 2020

One of the most important changes implemented by the Companies Act 2006 (CA 2006) is the inclusion for the first time of a statutory statement of directors' general duties in Pt 10, Ch 2. This chapter discusses the duties set out by this statutory statement, which are the duty to act within their powers (s. 171); duty to promote the success of the company (s. 172); duty to exercise independent judgement (s. 173); duty to exercise reasonable care, skill, and diligence (s. 174); duty to avoid conflicts of interest (s. 175); duty not to accept benefits from third parties (s. 176); and duty to declare interest in proposed transactions with the company (s. 177).

Access to the complete content on Law Trove requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access code, please see the information provided with the code or instructions printed within the title for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can't find the answer there, please contact us.