Directors' Duties & Powers Flashcards

(1 cards)

1
Q

What is a directors duty under s.173?

A

To exercise independent judgment
- must not fetter their discretion or allow personal interests to affect their independent judgment
- the director can take advice and act in accordance with an agreement entered into by the company
- the director can seek to protect the interests of those they represent but these will not override the interest of the company

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