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.