Podcast Location:
Download it here [file size: 19.7 MB]
Categories:
Employment Law
Corporate & Commercial Law
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast is aimed at practitioners of all levels looking to understand the codification of directors' duties under the Companies Act 2006.

Outcomes:
After completing the course you will:
  • Understand the duty on directors to declare any interests they may have in a transaction or arrangement with their company;
  • Understand how a director can effectively comply with his duty under section 177 and declare his interest;
  • Understand whether declarations must be formal or can be informal;
  • Understand how the company can authorise or ratify acts of a director.
Level:
Specialist Difficulty: 5 of 5
Classification:
Legislative Updates
Practical Guide
Sources and References:
  • Companies Act 1985;
  • Companies Act 2006;
  • Pender v Lushington (1877) 6 Ch.D 70;
  • North- West Transportation Co Ltd v Beatty (1887) 12 App Cas 589;
  • Cook v Deeks [1916] 1 AC 554 (Privy Council).

This CPDcast is the final podcast in our series on the codification of directors' duties under the Companies Act 2006. In this podcast we examine the duty of directors to declare interests in a transaction or arrangement with their companies. We also examine authorisation and ratification of directors' acts that would otherwise breach their duties. Ben Griffiths and Alex Barden give us their insight into the effect the provisions of the new Act will have in practice and whether any changes may have been made to the position at common law.

Podcast Added: 23/12/2008

Podcast last reviewed: 2011-10-31

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