- 1. Act within the powers of the company’s constitution.
- 2. Promote the success of the company
- To act in a way he/she considers, in good faith, would be most likely to promote
the success of the company for the benefit of its members as a whole, and in
doing so have regard (amongst other matters) to:- - 1. The likely consequences in the long term,
- 2. The interests of the employees,
- 3. The need to foster the company’s business relationships with suppliers, customers and others,
- 4. The impact on the community and environment,
- 5. Maintaining a reputation of high standards,
- 6. Acting fairly between company members
- To act in a way he/she considers, in good faith, would be most likely to promote
- 3. Exercise independent judgement.
- 4. Exercise reasonable care, skill and diligence.
- 5. Avoid conflicts of interest.
- 6. Not to accept benefits from third parties.
- 7. To declare an interest in proposed transactions or arrangements.