What is a Situational Conflict?

conflict situational
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What is a Situational Conflict?

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It is important to note that for the duty to be infringed there does not have to be an actual conflict of interests, only a situation that might result in a conflict. This duty does not however apply to a conflict of interest arising from a transaction or arrangement between a director and the company which is governed by the longstanding requirement for the director to declare such interests.