Which sections of Part 10 are the “provisions relating to directors’ conflict of interest duties” that were implemented on 1 October 2008?
The following sections related to directors’ conflict of interests were implemented on 1 October 2008 • Section 175 – Duty to avoid conflicts of interest • Section 176 – Duty not to accept benefits from third parties • Section 177 – Duty to declare interest in proposed transaction or arrangement • Section 180(1) to (3) and (4)(b) – Consent, approval or authorisation of members • Section 181(2) and (3) – Modification of certain provisions in relation to charitable companies • Chapter 3 of Part 10 (ss182 to 187) Declaration of interest in existing transaction or arrangement
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