174 Duty to exercise reasonable care, skill and diligence
174 Duty to exercise reasonable care, skill and diligence
Companies Act 2006 | Legislation

(1)     A director of a company must exercise reasonable care, skill and diligence.

(2)     This means the care, skill and diligence that would be exercised by a reasonably diligent person with—

(a)     the general knowledge, skill and experience that may reasonably be expected of a person carrying out the functions carried out by the director in relation to the company, and

(b)     the general knowledge, skill and experience that the director has.

226 . . .

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