Legal Aspects of Business Presentation: Companies Act 2006 Overview
VerifiedAdded on 2023/01/18
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Presentation
AI Summary
This presentation examines key aspects of the legal framework governing businesses, focusing on the roles and responsibilities of directors. It delves into the duty to avoid conflicts of interest, as defined by Section 175 of the Companies Act 2006. The presentation outlines the importance of directors in managing and controlling business activities, emphasizing their role as agents and the standards they must adhere to. It explores the nature of director's duties, including planning, agenda setting, and decision-making. The presentation also addresses specific scenarios of conflicts of interest, such as using company information for personal gain, and suggests methods to mitigate these conflicts, including seeking approval and adhering to articles of association. The case of Cook v Deeks [1916] PC is also discussed to illustrate conflicts of interest. The presentation concludes by underscoring the significance of directors in the overall management of business activities.
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