C5Part 10A company's directors
Annotations:
Modifications etc. (not altering text)
Chapter 2General duties of directors
The general duties
I1C4C6173C1C2C3Duty to exercise independent judgment
1
A director of a company must exercise independent judgment.
2
This duty is not infringed by his acting—
a
in accordance with an agreement duly entered into by the company that restricts the future exercise of discretion by its directors, or
b
in a way authorised by the company's constitution.
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2