A FTSE SMALL CAP Group Company Secretary and General Legal Counsel writes...
When addressing the issue of Director’s Conflicts of Interest – what is the scope of questioning?
- Family – how close/remote do you ask?
- Shares – assume it excludes shares in a listed plc but what other categorisations are looked on?
- Do you work off top 10/20 customers?
- Do you ask re consultant/employee /shareholding or other?
How frequently is an exercise undertaken to check on potential conflicts – is it a standing item for each Board meeting or just an annual/6 monthly review?
Is the exercise carried out by the Board or a Board Committee?
Is there any published guidance which you use?