What is the fiduciary duty of a director to exercise care and diligence and skill when making decisions about management of a company?
British Columbia, Canada
The following excerpt is from Popat v. MacLennan, 2014 BCSC 2363 (CanLII):
Directors owe fiduciary duties to the company to exercise care, diligence and skill when making decisions about the management of the company and its affairs. The duty is to act in the best interests of the company. The discharge of that duty depends on the facts of any given situation. As Madam Justice Wedge said in Casey v. CopperLeaf Technologies Inc., 2010 BCSC 417:
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