C8C5Part 10A company's directors
Annotations:
Modifications etc. (not altering text)
C5
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
Chapter 2General duties of directors
The general duties
I1C4C6C7173C1C2C3Duty 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 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))