General duties imposed by the Corporations Act on directors and officers of companies include: 1. the duty to exercise your powers and duties with the care and diligence that a reasonable person would have which includes taking steps to ensure you are properly informed about the financial position of the company and ensuring the company doesn’t trade if it is insolvent 2. the duty to exercise your powers and duties in good faith in the best interests of the company and for a proper purpose 3.
DFM Price at posting:
83.0¢ Sentiment: Hold Disclosure: Held
