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Directors’ Duties and Responsibilities - …

CORPORATE SERVICES IMMIGRATION Directors Duties and Responsibilities 2 A. COMMON LAW Duties Directors are mainly responsible for the overall management of the company. In exercising their powers, they must act honestly with diligence and with reasonable skill. 1. Act in the Best Interests of the Company (a) A director must act in what he honestly considers to be the company s interests, and not in the interests of some other person or body.

2 A. COMMON LAW DUTIES Directors are mainly responsible for the overall management of the company. In exercising their powers, they must act honestly with diligence and with reasonable skill.

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