The case of Daniels v Anderson (1995) sets of the Minimum Standards of conduct for directors.  Which ONE of the following duties does this case relate to?

Overview of Daniels v Anderson (1995)

In the case of Daniels v Anderson (1995), the focus was on the duties of directors regarding the proper conduct and responsibilities in managing a company. This landmark case primarily emphasizes the standard of care that directors are expected to uphold in their decision-making processes.

Key Duty Involved

1. Duty of Care and Diligence: The case underscores the importance of directors exercising a reasonable level of care, skill, and diligence when running a company's affairs. The ruling clarified that directors must be informed and must take steps to ensure they understand the matters they are dealing with in order to make sound decisions.

Conclusion

Therefore, the duty that the case of Daniels v Anderson (1995) relates to is the duty of care and diligence required of directors. This duty ensures that they act in the best interests of the company and its shareholders while adhering to relevant laws and ethical standards.