Companies Act

144. Duty of director to exercise independent judgement

Edition: 2024-12-27 · In force

(1)A director of a company shall exercise independent judgment.

(2)The duty under subsection (1) is not infringed by the director acting—

(a)in accordance with an agreement duly entered into by the company that restricts the future exercise of discretion by its directors; or

(b)in a way authorised by the constitution of the company.