Directors’ and officers’ loans and transactions

Mike Davies, Ron Paterson and Allister Wilson
Additional contact information
Mike Davies: Ernst & Young
Ron Paterson: Ernst & Young
Allister Wilson: Ernst & Young

Chapter Chapter 25 in UK Gaap, 1992, pp 1303-1341 from Palgrave Macmillan

Abstract: Abstract Company directors are treated as fiduciaries1 and as such must not permit their personal interests and their duty to the company to conflict. In order to avoid such conflicts or potential conflicts arising, transactions between a company and its directors are restricted. Such transactions are regulated in a number of ways, in particular, by means of statutory prohibition, corporate approval and disclosure in the statutory accounts. In this chapter, attention is focused on the Companies Act requirements for disclosure in a company’s financial statements of transactions involving directors (except for those relating to directors’ remuneration which are dealt with in Chapter 26). The provisions determining the legality or otherwise of such transactions are discussed in outline in the Appendix to this chapter.

Keywords: Equity Capital; General Meeting; Disclosure Requirement; Material Interest; Type Transaction (search for similar items in EconPapers)
Date: 1992
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12998-0_25

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349129980

DOI: 10.1007/978-1-349-12998-0_25

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().