Section 137 — Companies Act 1993: Director's duty of care

137 Director's duty of care A director of a company, when exercising powers or performing duties as a director, must exercise the care, diligence, and skill that a reasonable director would exercise in the same circumstances taking into account, but without limitation,— (a) The nature of the company; and (b) The nature of the decision; and (c) The position of the director and the nature of the responsibilities undertaken by him or her.