The duty of care means that a director has a legal and ethical obligation to act diligently and prudently in conducting the affairs of the corporation.

Question

Quizplus · Accepted Answer

The duty of care is a fundamental responsibility of directors to act with care and diligence in carrying out their duties and decision-making processes on behalf of the corporation. This duty is both a legal obligation and an ethical duty to act in the best interest of the corporation and its shareholders.

The Duty of Care Means That a Director Has a Legal