Duty of care

One of the most important duties set out for directors and officers of a corporation in the CBCA is the duty of care. Duty of care requires that, in carrying out their functions, the directors and officers must:

• exercise at least the level of care and diligence that a reasonable person would exercise in similar circumstances

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That makes me ill to learn that we have had to take a loan to cover that period. Completely inexcusable. ..they say that we get the leaders that we deserve (elect) ...

I wish that our directors were as negligent when it comes time to issue their own stock  options