Directors Duties Diagram(1) - IAKGN I...

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Unformatted text preview: IAKGN I ‘~‘w\ "’ (wakm/U‘LI AfiphmfiCM$ <94 W7 qu’ ($4an i fianxscfij 8‘ 3““ Q‘”% I DIRECTORS' DUTIES 1 229 FIGURE 11.1 —— CLASSIFICATION OF DUTIES Duty not to misuse information or position: 55 182. 183 Related party transactions; Ch 2E Duties to not in good faith in the ,. best interests of , the company and for a proper Requirement to disclose certain interests: ss 191-196 . Duty to Duty I? act purpose. 3 18‘] avoid conflicts I“ good faith of interest to the interests of the company Duty to use powers 'for ‘a Duty to retain discretion ‘ ; ' s “We“ 955% good faith . THE-DUTIES , Y General law ‘ - I 1 duties Care and ‘ diligence ‘/<Cc¢a5) Duty to act with reasonable ear-e- . . _and diligence _ Duty to act with reasonable Care and diligence: s 180 Duty to prevent ' inéolvent trading: s 5880 ' es can be divided into two broad categories: 3‘ {$5, skill ‘and diligence, and ‘ alt and good faith. ...
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