Which of the following duties is not a general duty of directors of a company ?
Under corporate law principles (such as the rule in Re City Equitable Fire Insurance Co. and the Companies Act), directors owe fiduciary and common-law general duties of…
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Which of the following duties is not a general duty of directors of a company ?
Answer and explanation
Correct answer C
Under corporate law principles (such as the rule in Re City Equitable Fire Insurance Co. and the Companies Act), directors owe fiduciary and common-law general duties of good faith, reasonable care and skill, and non-delegation of core powers, whereas a director had no absolute general duty to attend every Board meeting unless required by statute or articles.
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UGC NET Management