The duty of loyalty in the cooperative law. A comparative study

Among the duties of the government bodies’ members of the different entities, which are connected to the good government, the duty of loyalty must be underlined. This duty, derived from the good-faith duty, obliges to act in the interest of the entity in case of conflict of interest, and to subordin...

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Autor principal:	Itziar Villafañez Pérez
Formato:	article
Lenguaje:	EN ES
Publicado:	AECOOP Escuela de Estudios Cooperativos 2015
Materias:	conflictos de intereses transparencia buena fe administradores socios. Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/86c5bc7213be4da2a212cd2927b9b226
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spelling	oai:doaj.org-article:86c5bc7213be4da2a212cd2927b9b2262021-11-12T13:14:37ZThe duty of loyalty in the cooperative law. A comparative study1135-66181885-803110.5209/rev_REVE.2016.v120.49698https://doaj.org/article/86c5bc7213be4da2a212cd2927b9b2262015-07-01T00:00:00Zhttp://revistas.ucm.es/index.php/REVE/article/view/49698https://doaj.org/toc/1135-6618https://doaj.org/toc/1885-8031Among the duties of the government bodies’ members of the different entities, which are connected to the good government, the duty of loyalty must be underlined. This duty, derived from the good-faith duty, obliges to act in the interest of the entity in case of conflict of interest, and to subordinate one’s own interests, except when there is an authorisation. Loyalty duty is applicable both to managers, who must manage the entity’s interest, and to partners, according to the common purpose derived from the company contract. This duty, at the same time, includes some particular rules, referred to transparency, remuneration, prohibition of competition, self-contracting... This essay compares the regulation of the duty of loyalty and its realizations in the different Cooperative Laws in Spain, both referring to the managers and to the partners, comparing this, at the same time, with the regulation of these aspects in companies’ general legislation, an in the Spanish Corporate Enterprises Act in particular, in order to obtain a general view of the issue, a necessary basis to go more deeply into it, and suggesting some preliminary conclusions or assessments.Itziar Villafañez PérezAECOOP Escuela de Estudios Cooperativosarticleconflictos de interesestransparenciabuena feadministradoressocios.Economics as a scienceHB71-74ENESRevista de Estudios Cooperativos, Vol 120, Iss 0, Pp 121-148 (2015)
institution	DOAJ
collection	DOAJ
language	EN ES
topic	conflictos de intereses transparencia buena fe administradores socios. Economics as a science HB71-74
spellingShingle	conflictos de intereses transparencia buena fe administradores socios. Economics as a science HB71-74 Itziar Villafañez Pérez The duty of loyalty in the cooperative law. A comparative study
description	Among the duties of the government bodies’ members of the different entities, which are connected to the good government, the duty of loyalty must be underlined. This duty, derived from the good-faith duty, obliges to act in the interest of the entity in case of conflict of interest, and to subordinate one’s own interests, except when there is an authorisation. Loyalty duty is applicable both to managers, who must manage the entity’s interest, and to partners, according to the common purpose derived from the company contract. This duty, at the same time, includes some particular rules, referred to transparency, remuneration, prohibition of competition, self-contracting... This essay compares the regulation of the duty of loyalty and its realizations in the different Cooperative Laws in Spain, both referring to the managers and to the partners, comparing this, at the same time, with the regulation of these aspects in companies’ general legislation, an in the Spanish Corporate Enterprises Act in particular, in order to obtain a general view of the issue, a necessary basis to go more deeply into it, and suggesting some preliminary conclusions or assessments.
format	article
author	Itziar Villafañez Pérez
author_facet	Itziar Villafañez Pérez
author_sort	Itziar Villafañez Pérez
title	The duty of loyalty in the cooperative law. A comparative study
title_short	The duty of loyalty in the cooperative law. A comparative study
title_full	The duty of loyalty in the cooperative law. A comparative study
title_fullStr	The duty of loyalty in the cooperative law. A comparative study
title_full_unstemmed	The duty of loyalty in the cooperative law. A comparative study
title_sort	duty of loyalty in the cooperative law. a comparative study
publisher	AECOOP Escuela de Estudios Cooperativos
publishDate	2015
url	https://doaj.org/article/86c5bc7213be4da2a212cd2927b9b226
work_keys_str_mv	AT itziarvillafanezperez thedutyofloyaltyinthecooperativelawacomparativestudy AT itziarvillafanezperez dutyofloyaltyinthecooperativelawacomparativestudy
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The duty of loyalty in the cooperative law. A comparative study

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