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Identify and discuss four significant statutory duties that require directors and officers to act with care, diligence and in good faith. Explain whether the impact

Identify and discuss four significant statutory duties that require directors and officers to act with care, diligence and in good faith. Explain whether the impact of these statutory duties would be different on directors and/or officers of a small proprietary company, a large proprietary company, or a public company? Why or why not? IRAC needed?

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