Directors’ duties: managing potential conflicts of interest

Kyri Papantoniou looks at the rules surrounding directors’ duties and stresses the importance of knowing your responsibilities, particularly in relation to conflict of interest.

Following allegations of harassment and discrimination made by staff against Sir Philip Green, Karren Brady stepped down as chair of Taveta Investments, the holding company of Green’s Arcadia Group. Brady’s resignation is a reminder that the directors of English companies are subject to several legal duties, which are predominantly contained in company legislation. These duties are owed by the directors to the company and directors may find themselves facing serious consequences, such