An Integrated Approach to Statutory Interpretation: Directors' Duties in the UK
Prue Vines and M Scott Donald (eds), Statutory Interpretation in Private Law (Federation Press, 2019)
31 Pages Posted: 5 Oct 2020 Last revised: 21 Dec 2020
Date Written: June 20, 2020
This chapter outlines the integrated approach taken to statutory interpretation of directors’ duties in the UK in order to highlight how the interaction between case law and the reading of statutes affects the development of the common law. It highlights, and explains the reasons for, the incoherent nature of directors’ duties in Australia. This regime can be contrasted with the more coherent approach adopted in the UK when directors’ duties were codified in the Companies Act 2006. Particular focus is placed on the conflicts and profits rules, with detailed examination of how the law relating to competing directorships has developed in different Commonwealth jurisdictions.
Keywords: fiduciary duties, directors' duties, statutory interpretation, competing directorships
JEL Classification: K10, K22
Suggested Citation: Suggested Citation