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Section 213 of the Companies Act 2016 (Companies Act) (formally section 132 of the Companies Act 1965) provides that directors must: At all times exercise
Section 213 of the Companies Act 2016 ("Companies Act") (formally section 132 of the Companies Act 1965) provides that directors must:
- At all times exercise their powers for a proper purpose and in good faith in the best interest of the company; and
- Exercise reasonable care, skill and diligence.
Based on this, answer the following questions:
- Discuss what exactly is "the best interest of the company".
- Elaborate on "exercise reasonable care, skill and diligence".
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Law Express Medical Law
Authors: Jonathan Herring
7th Edition
1292295546, 978-1292295541
