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Directors duties - Coggle Diagram
Directors duties
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To exercise reasonable skill, care and diligence (CA2006 s.174)
The duties imposed by CA2006 ss.173 and 174 require that a director owes a duty to exercise the same standard of care, skill and diligence that would be exercised by a reasonably diligent person with the general knowledge, skill and experience that may reasonably be expected of the person carrying out the same functions as a director in relation to that company (an objective test) and the general knowledge, skill and experience that the director actually has (a subjective test)