A dragon in lingerie

Directors must act in the best interests of their company and must not allow their personal interests to come into conflict.  There are common law fiduciary duties as well as rules under the Companies Act 2006 to this effect.  A recent case involving the Dragon’s Den star Theo Paphitis is a good illustration of the risks directors take when it is perceived that their own interests are being served by a transaction rather than those of the company.

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