16
In forceDirector's duty to act honestly
Part 4Duties and liabilities of board and directors
16 Director's duty to act honestly
(1)
A director of a public corporation must at all times act honestly in the performance of the functions of his or her office, whether within or outside the State.
Penalty:
Division 4 fine or division 4 imprisonment, or both.
(2)
Subsection (1) does not apply to conduct that is merely of a trivial character and does not result in significant detriment to the public interest.
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