Clarkslegal LLP - Solicitors in Reading and London

Directors’ Duties

Transactions with own companies

Directors must generally account to the company for any profit that they make from their office.  However, transactions between a director and a company will be permitted if proper disclosure is given and the transaction is approved correctly by a resolution of the company’s shareholders.

Specific examples include loans to directors, substantial property transactions and contracts in which the director has a personal interest.  Our team is on hand to help you stay the right side of the line.