Section requires directors to act with minimum standards of care, skill, and diligence; this is expected of all directors.

Whilst directors need to be bold and to be able to manage their business to achieve aims and deliver profit for shareholders, they must also their responsibilities seriously.

Required:

Discuss at least one case that you have studied where the court addressed this standard. Give your reflection do you think the law has achieved this goal?

Explain any protection provided to directors who act honestly and who attempt to comply with these duties.

You should refer to some of the cases you have studied in this course as illustrations. Dont use Chat GPT as i already looked at it but didn\'t get correct answer.

Answer rating: 100% (QA)

One notable case that addresses the standard of care skill and diligence expected of directors is th... View the full answer