Big changes for body corporate management and governance
Strengthening of body corporate committee governance and the newly introduced regulation of body corporate managers.
This guide helps directors manage conflicts of interest in the boardroom and model good practice.
A conflict of interest occurs when a director has more than one interest, one of which will or might motivate an act in another.
Even where there is no statutory requirement to disclose interests, the associated risks need to be managed to avoid unwanted consequences.
This guide provides a three-step process for handling a conflict of interests.