Question
reword to sound different: Whilst section 181 has been criticised as not clearly spelling out directors' obligations to all other stakeholders, it is the flexibility
reword to sound different: Whilst section 181 has been criticised as not clearly spelling out directors' obligations to all other stakeholders, it is the flexibility of this section that is one of its greatest strengths. All decisions made by directors must be in the best interests of the company. The what and the how, quite rightly, are up to the directors, who have the business knowledge and expertise to make the decisions. It is essential that directors' duties remain flexible over time and are able to evolve as community expectations and values change.
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