Companies Act 2014 section 309

Other arrangements and transactions in which the directors, etc., have material interest

Section 309 requires companies to disclose in their financial statements any arrangements or transactions in which directors or persons connected with directors have a material interest, beyond those already covered by the rules on directors' remuneration, loans, quasi-loans, credit transactions and guarantees.

• Entity and group financial statements must disclose the principal terms, the name of the interested person, and the nature of the interest for any arrangement or transaction in which a director or connected person has a material interest
• Micro companies are exempt from these disclosure requirements
• Certain transactions are excluded, including inter-company dealings where the director's only interest is as a common director, directors' service contracts, and transactions that did not exist during the financial year
• A de minimis threshold applies: disclosure is not required where the aggregate value of relevant transactions did not exceed €5,000, or if higher, did not exceed the lesser of €15,000 or 1% of the company's net assets