(1) A director must act in the way he considers, in good faith, would be most likely to promote the purpose of the legal person, and in doing so have regard (amongst other matters) to: a) the likely consequences of any decision in the long term; b) the interests of the legal person’s employees; c) the need to foster the legal’s relationships with suppliers, customers and other business partners; d)…
Duties of Directors
-
Article 185. Duty to act within powers
Citeste mai multA director must act in accordance with the legal person’s instrument of constitution an of the resolution of its organs to which it is subordinated.
-
Article 187. Duty to act with reasonable skill and care
Citeste mai mult(1) A director must act with the level of skill and care that corresponds to the knowledge, skill and experience that the director has and also to those which may be expected from a good director. (2) A director cannot be held in violation of…