Question 1 Flashcards
1
Q
Obligations as a director
A
- Act in the best interests of the company
- Act in good faith
- Have a duty of care
- Comply with the act and the company’s constitution
- Exercise their powers for proper purposes.
2
Q
Directors must not
A
- Trade recklessly
- Commit the company to obligations it cannot satisfy.
3
Q
A
