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Section 213 of the companies act 2016 provides that directors must; at all time exercise their power for a proper purpose and in good faith
Section 213 of the companies act 2016 provides that directors must;
- at all time exercise their power for a proper purpose and in good faith in the best interest of the company and exercise reasonable care, skills 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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