I've recently been offered a job for a large technology corporation in the UK. I've asked another question here about IP but also have a question on Conflicts of Interest I'd thought I'd ask separately.
I'm technically a director of a company which is not currently trading (and I've not taken any pay from). I'm worried that this might be problematic with my soon to be employer. In the contract it states:
Conflict of interests
You mustn’t be involved either directly or indirectly with any other trade or business competing in or conflicting with the interests of our Company. If you want to be involved with another business whilst working for us then you’ll need to get a letter from the Director of your area confirming that they’re happy for you to do this.
We understand that many people make investments for the future and you’ll not be prohibited from being a holder or owner of any stocks and shares as long as they’re listed on the stock exchange and you don’t hold more than 4% of the total share or loan capital of another Company.
I set up the company I'm a director of as a side project and I am fine with resigning from it.
Is me being a director of my side-project company a problem here?
My side-project company and the one I've got a job offer from, are only related in such that they are both technology based but otherwise are unrelated.