Understanding The Duty Of Care And Diligence Of Directors In An Essay.

Relevant LawDiscuss about the Intentional Negligence Contradiction Terms.
The Court arrived at the conclusion that the directors of Storm Financial have breached their duties as   directors. It was determined that the duty of care and diligence that has been mentioned in section 180, Corporations Act, 2001 has been breached by these directors when they allowed or failed to prevent the application of storm financial model ind…