Company conflicts of interest

Episode 9 in our SQE FLK Business Law podcast talks about directors’ duties and conflicts of interest. Need help with your SQE prep? Try Practice Works AI-led learning support for SQE1. Visit www.practiceworks.io/sqe-prep and use IOANNIS20 for 20% off any paid plan (available only for the first 30 people who use it!). Terms & Conditions apply.
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00:00 Conflicts of interest
01:00 Directors are not employees
03:00 Duty of fidelity
04:20 How to deal with conflicts of interest
06:35 Avoiding conflicts of interest
08:05 What directors should not do
10:50 No loss breaches of duty
13:15 Penalty vs Fee
17:35 Bribes
19:40 Loans to the directors
23:10 Other types of financial support
28:00 Corporate opportunities
32:15 Remedies for breach of duty
33:15 Indemnity for directors
35:00 Termination of directors vs employees

[@ReeseKvlsngh]

This is very helpful. Thank you.