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Conflicts of interest

Non-disclosure by directors and the dire consequences

Company directors must avoid any possible conflict of interest. South African law directs that as a result of the trust placed in the director by the company, she/he is bound to put company interests before personal interests. Non-disclosure of a conflict of interest can have dire results for all.

Conflicts of interest

The Companies Act makes provision for dealing with a director’s use of company information and conflicts of interest. Where a director has a conflicting personal financial interest she/he may not participate in the making of or influencing of any related decision. This Deloitte template elaborates. 

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