Choose one of the following answer:-

Ques 1: Of the following responses, which one best describes the "safe harbour provision" contained in the Corporations Act 2001 (Cth) providing company directors with limited protection in regards to acting with care and diligence:

Group of answer choices

a)Where a director makes a bonafide business decision in the best interests of the company, without a material personal interest and the director has based the decision on the basis of information received from external sources then the director has carried out the duty to act with care and diligence

b) There is no provision which provides company directors with any protection in regards to the duty to act with care and diligence

c) Where a director makes a bonafide business decision in the best interests of the company, without a material personal interest, and the director has based the decision on reasonably appropriate information in the best interests of the company then the director has carried out the duty to act with care and diligence

d) Where a director makes a bonafide business decision made in the best interests of the company and the director has based the decision on reasonably appropriate information in the best interests of the company then the director has carried out the duty to act with care and diligence.

just have 5 minutes for this answer