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