Question 1 Flashcards by Holly Keenan

Q

Obligations as a director

A

Act in the best interests of the company
Act in good faith
Have a duty of care
Comply with the act and the company’s constitution
Exercise their powers for proper purposes.

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Directors must not

A

Trade recklessly
Commit the company to obligations it cannot satisfy.

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

A

How well did you know this?

1

Not at all

2

3

4

5

Perfectly