Question: Section 1 8 0 requires directors to act with minimum standards of care, skill, and diligence; this is expected of all directors. Whilst directors need

Section

180

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

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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.

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