Declaration of a director's interests—the statutory provisions

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Published by a LexisNexis Corporate expert
Practice notes

Declaration of a director's interests—the statutory provisions

Copyright © 2025 LexisNexis

Published by a LexisNexis Corporate expert

Practice notes
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A director who is in any way, directly or indirectly, interested in:

  1. •

    a proposed transaction or arrangement with the company of which they are a director, or

  2. •

    a transaction or arrangement that has been entered into by the company of which they are a director

must declare the nature and extent of that interest to the other Directors in accordance with the Companies Act 2006 (CA 2006), subject to certain exceptions (see Exceptions to the statutory requirements below). For guidance as to when a director has an interest that must be declared, see Flowcharts: Declaration of a director's interests in a proposed transaction or arrangement—flowchart and Declaration of a director's interests in an existing transaction or arrangement—flowchart.

The provisions of CA 2006 dealing with the declaration of a director's interests came into force on 1 October 2008 and are subject to a number of transitional provisions.

Some or all of the statutory provisions relating to the declaration of a director's interests may also apply to other companies and entities, but this issue

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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Directors definition
What does Directors mean?

A director of a company is responsible for the day-to-day management of that company. The directors make decisions on behalf of the company in order that it can carry on its business.

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