Section 12
Duties of directors
ActIn forceProvision 12 of 86
Section 12
(1)
A director shall act honestly and in the best interest of the
Corporation and use reasonable diligence in the discharge of the duties of his office.
(2)
A director or any person who has been a director shall not —
(a)
make improper use of any information acquired by virtue of his position as a director to gain, directly, or indirectly, an advantage for himself or for any other person; or
(b)
do, say or publish anything which may be detrimental to the interests of the Corporation.