About
About
What we do
Our Jurisdiction
Management
International Cooperation
Our Mission
Our Structure
Risk Management Framework
Firms
Firms
Authorisation
Enforcement
Supervision
Consumers
Consumers
Complaints
Know your rights
Scams
Investment Guide
Fintech
FinTech
FinTech Lab
Fintech Hub
Global Financial Innovation Network (GFIN)
Registration
Registration
Consider before opening business
Post-registration
Types of participants
Legal Framework
Public Register
Main
>
Legal Framework
>
85. Duty of Directors to declare interest in existing transaction or arrangement
Login
LEGAL ENTITIES LEGISLATION
REGULATIONS
COMPANIES REGULATIONS
PART 1: GENERAL
PART 2: THE APPOINTMENT AND ROLE OF REGISTRAR
PART 3: INCORPORATION AND REGISTRATION OF COMPANIES
PART 4: COMPANY FORMATION AND INCORPORATION
PART 5: CORPORATE CAPACITY AND TRANSACTIONS
PART 6: CLASS RIGHTS
PART 7: PRIVATE COMPANIES AND PUBLIC COMPANIES
CHAPTER 1–FEATURES OF A COMPANY
CHAPTER 2–ALTERATION OF COMPANY TYPE
CHAPTER 3–SHAREHOLDERS AND SHARES GENERALLY
CHAPTER 4–PROHIBITION OF PUBLIC OFFERS BY PRIVATE COMPANIES
CHAPTER 5–REGISTERS OF SHAREHOLDERS AND DEBT SECURITY HOLDERS AND SHARE CERTIFICATES
CHAPTER 6–REDEMPTION AND PURCHASE OF SHARES
CHAPTER 7–REDUCTION OF CAPITAL
CHAPTER 8–DISTRIBUTIONS
CHAPTER 9–DIRECTORS AND SECRETARIES
74. Directors
75. Election, term and removal of directors
76. Duties of Directors
77. Duty to act within powers
78. Duty to promote success of Company
79. Duty to exercise independent judgement
80. Duty to exercise reasonable care, skill and diligence
81. Duty to avoid conflicts of interest
82. Duty not to accept benefits from third parties
83. Duty to declare interest in proposed transaction or arrangement
84. Breaches of Directors’ duties
85. Duty of Directors to declare interest in existing transaction or arrangement
86. Ratification of interest in existing transaction or arrangement
87. Prohibition of financial assistance to Directors etc.
88. Validity of acts of Director
89. Secretary
90. Register of Directors and Secretaries
91. Assumptions in relation to Directors and Secretary
92. Disqualification orders
CHAPTER 10–MEETINGS
CHAPTER 11–PROTECTION OF MINORITIES IN TAKEOVERS
PART 8: MERGERS
PART 9: COMPROMISES AND ARRANGEMENTS
PART 10: ACCOUNTS, REPORTS AND AUDIT
PART 11: OTHER TYPES OF COMPANY
PART 12: RECOGNISED COMPANIES
PART 13: TRANSFER OF INCORPORATION
PART 14: POWERS AND REMEDIES
PART 14-1: ULTIMATE BENEFICIAL OWNERS
PART 14-2: WHISTLEBLOWING
PART 15: GENERAL PROVISIONS
SCHEDULE 1: INTERPRETATION
GENERAL PARTNERSHIP REGULATIONS
LIMITED PARTNERSHIP REGULATIONS
LIMITED LIABILITY PARTNERSHIP REGULATIONS
NON-PROFIT INCORPORATED ORGANIZATIONS REGULATIONS
FOUNDATIONS REGULATIONS
TRUST REGULATIONS
INSOLVENCY REGULATIONS
NETTING REGULATIONS
PAYMENT SYSTEM SETTLEMENT FINALITY REGULATIONS
COMMON REPORTING STANDARD REGULATIONS
PERSONAL PROPERTY REGULATIONS
RULES
WAIVERS AND MODIFICATIONS
OTHER
FINANCIAL SERVICES LEGISLATION
POLICIES AND POLICY STATEMENTS
NOTICES
GUIDANCE
TEMPLATE
CONSULTATION PAPERS
ARCHIVE
Entire section
PDF
Print
Versions
84. Breaches of Directors’ duties
86. Ratification of interest in existing transaction or arrangement
Links to this article
76. Duties of Directors
81. Duty to avoid conflicts of interest
83. Duty to declare interest in proposed transaction or arrangement