Director's duties of honesty, care and diligence
16 Director's duties of honesty, care and diligence
A director must at all times act honestly in the performance of official functions. Maximum penalty: Maximum penalty: $10 000.
A director must at all times act with reasonable care and diligence in the performance of official functions. Maximum penalty: Maximum penalty: $10 000.
A director or former director must not make improper use of information acquired because of their official position to gain, directly or indirectly, a personal advantage for themself or another, or to cause detriment to the Trust. Maximum penalty: Maximum penalty: $10 000.
A director must not make improper use of their official position to gain, directly or indirectly, a personal advantage for themself or another, or to cause detriment to the Trust. Maximum penalty: Maximum penalty: $10 000.
This section is in addition to, and does not derogate from, other laws.
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