ABSTRACT
Section 177 Duty to declare any interest in proposed trans ac tions
5 It is well estab lished that direct ors owe duties to the company, not to indi vidual share hold ers or to share hold ers collect ively: Percival v Wright (1902); Allen v Hyatt (1914); Peskin v Anderson (2001). The Act now provides, under s 170(1), that ‘The general duties specified in sections 171 to 177 are owed by a director of a company to the company.’
