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Budget Implementation Act, 1998

Version of section 17 from 2003-01-01 to 2010-10-19:

Marginal note:Duty of care

 Every director and officer of the Foundation, in exercising any of the powers of a director or an officer and in discharging any of the duties of a director or an officer, shall

  • (a) act honestly and in good faith with a view to the best interests of the Foundation; and

  • (b) exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances.

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