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Relying on others - where does the buck stop?

Good governance is everyone's responsibility in a company; reliance on others is an essential process for decision-making by the board.

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In performing their corporate and fiduciary duties, directors are expected to exercise the same standard of care and diligence that a reasonable director, in the same position, would.

IN performing their corporate and fiduciary duties, directors are expected to exercise the same standard of care and diligence that a reasonable director, in the same position, would. The thing is, as businesses get more sophisticated and directors more educated, this standard has also risen in...

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