Explanation: The Companies Act, 2013 emphasizes the importance of directors avoiding situations where their personal interests conflict with the company's interests. While disclosure is crucial, it does not absolve directors from recusing themselves from decision-making in situations where a conflict exists.
Explanation: The Companies Act, 2013 emphasizes the importance of directors avoiding situations where their personal interests conflict with the company's interests. While disclosure is crucial, it does not absolve directors from recusing themselves from decision-making in situations where a conflict exists.