Is There a Duty of Loyalty Under U.K. Company Law?

Key Points

• The aim is to analyze the status and implications of the duty of loyalty under U.K. company law.
• Evaluates the codification of directors' duties in the Companies Act 2006
• Queries the interpretation of the absence of 'loyalty'
• Identifies implications of the findings
• Concludes that directors do not owe a duty of loyalty as per the current legal framework
• Endorses the assessment of the absence of loyalty in U.K. company law
• Highlights potential implications for corporate governance practices