Directors Duties

Question 1

What are the first 3 relevant duties to talk about in the exam?

Answer 1

• duty to act within powers
• duty to promote success of company
• duty to exercise independent judgement

Question 2

What are the other 3 relevant duties to talk about in the exam?

Answer 2

• duty to exercise reasonable care, skill and diligence
• duty to avoid conflicts of interest
• duty to declare interest in proposed transactions