"By law the management of a company is entrusted to the Board of Directors and the onerous duties of the directors bind them to act in the best interest of the company. However, directors are seldom held liable for their negligence. It seems directors have limited liability when it comes to negligence" With reference to Company Law, critically evaluate this statement with an emphasis on the duties of the directors. What remedies are available when such duties are breached?

need an elaborated answer.