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Legal Eyes: Director’s conflicts of interest introduced by the Companies Act 2006
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" There is now a new power for the board of directors to authorise a conflict; previously, the power lay with the members. For charitable companies, the unconflicted directors can only authorise a conflict of interest if the constitution contains a provision enabling them to authorise the conflict and the matter is proposed to and authorised by the directors in accordance with the constitution. " Leona McHugh, Solicitor at Bates Wells & Braithwaite
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