Posted by IrwinLegal
Directors’ Duties – A company director’s duty to act with care and diligence

 ‘Look before you leap!’   Historically, company directors were not treated by the Courts in the same way as other professionals. Accountants and lawyers owed a duty of ‘reasonable care’ towards their clients. But directors did not!    Directors were merely required to do their best (i.e. within the limits of their own personal knowledge or skills). They were not obliged to perform to any objective standard.  Nor were they expected […]

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