RE: no news8 Mar 2020 15:35
Directors' duties include the duty to avoid situations in which a director has, or can have, a direct or indirect interest that conflicts, or may possibly conflict, with the interests of the company (situational conflicts) (Companies Act 2006). Such situations can be authorised by the board of directors (provided, in the case of a public company, that its constitution permits such authorisation). The authorisation is effective provided that any quorum requirements for the meeting are met without counting any interested directors, and their votes are not counted.