# Companies Act 1948, Paragraph 78


A director of the company may be or become a director Or other officer of, or otherwise interested in, any company promoted by the company or in which the company may be interested as shareholder or otherwise, and no such director shall be accountable to the company for any remuneration or other benefits received by him as a director or officer of, or from his interest in, such other company unless the company otherwise direct.

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Source: https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/schedule/FIRST/paragraph/78 (the official version)
Page: https://openlegislation.uk/companies-act-1948/schedule-FIRST/paragraph-78
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.