Corporate Governance · glossary

Duty to exercise reasonable care, skill and diligence (section 174)

A director must bring the care, skill and diligence expected of anyone doing her job, and more if she knows more. So a food scientist on the board reads a laboratory result as a food scientist would. Diligence starts with reading the Board Pack. Charter §7.2 · Chapter 3 · Chapter 8

Explained in Chapter 3, The Seven Duties, of Corporate Governance.

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