Part 3 PROVISIONS COMING INTO FORCE ON 1ST OCTOBER 2008

United Kingdom

1. 46Requirement to have at least one director who is a natural person (s.155)
2. 47Duty of directors to avoid conflicts of interest (s.175)
3. 48Declaration by directors of interest in proposed transaction or arrangement (s.177)
4. 49General duties of directors: approval by members (s.180(2))
5. 50Declaration of interest in existing transaction or arrangement (ss.182 to 187)
6. 51Repeal of prohibition on private companies giving financial assistance for acquisition of shares
7. 52Paragraph 52