Legal obligations of directors

Unilever Code of Corporate Governance of Pakistan

 A Director must without delay report any  Directors should commit themselves
conflict of interest or potential conflict of effectively to their responsibilities.
interest to the Chairman and to the other Directors should ensure they have
Directors. sufficient time to attend and contribute
 In case any conflict of interest or to board meetings.
potential conflict of interest of the
Chairman, to the Senior Independent
 Directors have been alternately viewed
Director and to the other Directors.
 The Director must provide all relevant as trustees, agents, managers and
information, including any relevant
caretakers of the companies they serve.
information concerning his or her spouse,
registered partner or other life Whatever the view taken, a director
companion, foster child and relatives by
occupies a position of trust within the
blood or marriage up to the second
degree. company
 A Director may not participate in the
Boards’ deliberations and decision-
 Company directors are chosen and
making process on a subject where the
Director is found to have a conflict of appointed by the general meeting of the
interest pursuant to clause 3.4, and such
shareholders to manage the company on
Director does not qualify as a Director
entitled to vote in relation to that subject. their behalf. Accordingly, the concept of
 trust and trustee implicitly come into
play and directors are charged with
fiduciary legal duties legal duties that
are classified in to four types:

 Duty of Care, Duty of Obedience, Duty

of Loyalty, Duty of Disclosure