Advice for sincerely deluded directors and others
As Flanders and Swann once sang (or at least Flanders once said), ‘always be sincere – whether you mean it or not’.
But things are even more complicated nowadays in the world of corporate law and directors’ duties, and this recent case shows that it is not enough to be sincere even if you mean it if you are actually deluded in thinking you are being honest. Or something like that.
Loyalty isn’t what it used to be
Are company directors allowed to plan to go off and compete? Is it disloyal to plan to get into bed with someone else?
You can check out any time you like but…scary case about directors’ duties to avoid conflicts of interest
Scary case about directors’ duties to avoid conflicts of interest even after they leave
Do directors have a duty to avoid paying tax?
Sept 2013 What with all the recent press and public criticism of some well-known companies’ tax avoidance arrangements, company directors might be getting confused as to where their duties lie. Are they allowed to try to find legal means to minimise their tax bill? Do they have to?! Do they owe duties to their shareholders to try to distribute fewer profits by arranging their company affairs to pay as much tax as HMRC would clearly like them to pay?...