Director Fiduciary Duties and Conflict of Interests: A Governance Essential

Overview

This webinar aims to equip directors and governance professionals with a clear understanding of their fiduciary responsibilities, the nature and risks of conflicts of interest, and the mechanisms for managing such conflicts effectively. The session will also outline the legal and reputational consequences of breaching these duties and provide practical guidance on promoting integrity and accountability at the board level.

Key Focus Areas:

Fiduciary Duties of Directors

• Duty of loyalty, care, good faith, and acting within powers
• Practical examples of how these duties apply in decision-making

Understanding Conflicts of Interest

• What constitutes a conflict of interest?
• Common sources: related party transactions, dual roles, insider information

Handling Conflicts of Interest

• Legal and governance frameworks for disclosure
• Recusal, documentation, and board approval processes
• Promoting a culture of transparency and ethical leadership

Consequences for Breach

• Civil and criminal liability 
• Disqualification and regulatory sanctions
• Damage to reputation and stakeholder trust