I am reviewing the conflicts of interest policy and register.
The PLC directors register is “easy” as it largely relates to the external directorships / membership of third party organisations.
However our legal team are very insistent that we should have registers set up for all the wholly owned subsidiary companies (we only have UK).
I know that the law requires this but in wholly owned subsidiaries conflict would be unusual.
In other companies, I have not implemented an internal conflicts register – except for very specific ones e.g. JV companies and sometimes the major trading / finance subsidiaries.
What are others experiences please?