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Legislation
Companies Act 2006

Crossheading The general duties

  • Section 171 Duty to act within powers
  • Section 172 Duty to promote the success of the company
  • Section 173 Duty to exercise independent judgment
  • Section 174 Duty to exercise reasonable care, skill and diligence
  • Section 175 Duty to avoid conflicts of interest
  • Section 176 Duty not to accept benefits from third parties
  • Section 177 Duty to declare interest in proposed transaction or arrangement
  1. The general duties
  2. Duty to act within powers

Section 171 | Duty to act within powers

From legislation.gov.uk

A director of a company must—

(a)act in accordance with the company's constitution, and

(b)only exercise powers for the purposes for which they are conferred.

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