Black Swan Production Restart, page-866

Duties of a company director:- Make the judgment in good faith and for a proper purpose not to have a material personal interest in the subject matter of the judgment inform themselves about the subject matter of the judgment to the extent they believe to be appropriate rationally believe that the judgment is in the best interests of the corporation.Sections 181 to 183 further set out the duties of a director and other company officers. They must act in good faith in the best interests of the company and for a proper purpose. They are prohibited from using their position to gain an advantage for themselves or someone else, or to cause detriment to the company. They cannot use information obtained in their role within the company to gain an advantagefor themselves or someone else.