2007 Quarter Four

Question 1 of 6

The Companies Act 2006 includes a consolidation of existing legislation as well as some new features. Some of its provisions came into force on 1st October 2007 while others will come into force on during 2008.

Of the following duties of directors, which statement includes only provisions that came into effect on 1st October and are therefore effective now, as opposed to including a duty that is yet to become effective or is not even in the Act?

	to promote the success of the company and to exercise independent judgement
	to exercise independent judgement and to avoid conflicts of interest
	to use reasonable care, skill and diligence and not to accept benefits from third parties
	to declare interests in proposed transactions and to act in accordance with the company's constitution

CPD

2007 Quarter Four

Question 1 of 6