Directors' Duties and Derivative Actions
Corporate Series
22nd July 2008, 12:30-13:30
Speakers: Martin Moore QC, Barrister, Erskine Chambers and Richard Lewis, Partner, Corporate Division, Herbert Smith LLP
For further details, please see the order form or call +44 (0)20 7347 3575
Webinar Details
- 2006 Act: overview and implementation timetable
- Overview of codified directors' duties
- Duty to promote the success of the company
- How to comply (and record compliance) in practice
- Duty to exercise reasonable care
- Duty to avoid conflicts of interest
- Duty not to accept benefits
- Duty/requirement to disclose interest in proposed/existing transactions
- Conflict duties – transitional provisions
- Conflicts authorisation – practical process for public/private/joint venture companies
- Benefits duty and disclosure requirements – practical process
- Enforcement of directors' duties
- Statutory derivative actions
- New scope
- Transitional provisions
- Hurdles for claims
- Key factors as to granting permission
- How to react to claim in practice
- Directors' indemnities and D&O insurance
