Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Go online and using your Legal Links, find the Canada Business Corporations Act. The duty of care of directors and officers is found in Part
Go online and using your Legal Links, find the Canada Business Corporations Act. The duty of care of directors and officers is found in Part X of the Act. With regards to the duty of care, the Act provides Select one 0 a. It is recommended that every director and officer of a corporation in exercising their powers and discharging their duties should act honestly and in good faith with a view to the best interests of the shareholders, and should try their best to make good decisions O b. Every director and officer of a corporation in exercising their powers and discharging their duties shall act honestly and in good faith with a view to the best interests of the shareholder C. Every director and officer of a corporation in exercising their powers and discharging their duties shall act honestly and in good faith with a view to the best interests of the corporation, and exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances O d. It is recommended that every director and officer of a corporation in exercising their powers and discharging their duties should act in their own best interests and exercise the care diligence and skill of an average director and officer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started