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.