C5Part 10A company's directors
Annotations:
Modifications etc. (not altering text)
Chapter 2General duties of directors
The general duties
I1C4C6C7174C1C2C3Duty to exercise reasonable care, skill and diligence
1
A director of a company must exercise reasonable care, skill and diligence.
C82
This means the care, skill and diligence that would be exercised by a reasonably diligent person with—
a
the general knowledge, skill and experience that may reasonably be expected of a person carrying out the functions carried out by the director in relation to the company, and
b
the general knowledge, skill and experience that the director has.
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