Duty of directors
The general duties are based on s171 - s177 Companies Act 2006.
s171-Duty to act within power
s172-Duty to promote the success of the company
s173-Duty exercise independent judgement
s174-Duty to exercise reasonable care, skill and diligence
s175-Duty to avoid any conflict of interest
s176-Duty not to accept benefits from 3rd parties
s177-Duty to declare interest in a proposed transaction with the company.