Jump to ContentJump to Main Navigation
Company Directors’ Duties and Conflicts of Interest$
Users without a subscription are not able to see the full content.

Rosemary Teele Langford

Print publication date: 2019

Print ISBN-13: 9780198813668

Published to Oxford Scholarship Online: March 2021

DOI: 10.1093/oso/9780198813668.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use.date: 26 January 2022

Directors’ Conflicts

Directors’ Conflicts

Chapter:
(p.1) 1 Directors’ Conflicts
Source:
Company Directors’ Duties and Conflicts of Interest
Author(s):

Rosemary Teele Langford

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198813668.003.0001

The issue of directors’ accountability and responsibility is never far from the public spotlight, as recently highlighted by corporate governance reforms initiated by the UK government and by the proceedings of the Banking Royal Commission in Australia. A topic of increasing practical and regulatory complexity is the conflicts faced by company directors. Conflicts may occur between directors’ self-interest and the interests of the company, between duties owed to more than one company or principal or between the interests of different stakeholders. This is a core source of concern, and of commentary, in a number of common law jurisdictions. As the complexity of commercial transactions and of corporate life in general increases, the application of the duty to avoid conflicts has necessarily become more complicated. At the same time there is a constant tension between ensuring accountability and not deterring responsible risk-taking. Concerns have been expressed that the legal and regulatory burden is too high. Providing certainty and comprehensive coverage of key aspects of the law relating to directors’ conflicts is therefore vital.

Keywords:   Australia, Banking Royal Commission, corporate governance, personal interests, potential conflicts, stakeholders

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .