Directors Duties Flashcards
0
Q
2nd duty
A
Duty to promote the success of the company
1
Q
1st duty of director
A
Duty to act within powers
2
Q
3rd Duty
A
Duty to exercise independent judgement
3
Q
4th Duty
A
Duty to exercise reasonable care, skill and diligence.
4
Q
5th Duty
A
Duty to avoid conflicts of interest
5
Q
6th Duty
A
Duty to not accept benefits from third parties
6
Q
7th duty
A
Duty to declare interest in proposed transaction or arrangements
