Duty of care and skills (common law) 1 Romer J irRe City Fire Insurance Co Ltd (1925) @311 down 3 prepositions 2 In Secretary of State for Trade and Industry v Baker (Na 5) (1999) UK Parker J proposed 3 general propositions ' Duty of care and skills under statute 1) 5.465 (new provision) Adirector of a company must exercise reasonal care , skill and diligence . 2) Meaning of "Reasonable care , skill and diligence 3) The duty is both objective and subjective. It replaces the common la rules and equitable principles, but the consequences of the breach are same as would apply if the former laws and principles still applied , S466