Duty of care means that a director has a legal and ethical obligation to act diligently and prudently in conducting the affairs of the corporation.

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Duty of care is a legal and ethical responsibility that requires directors to act with a reasonable level of care and attention in making decisions that affect the corporation's success and well-being. This obligation extends to all aspects of the director's duties, including financial oversight, strategic planning, risk management, and compliance with legal and regulatory requirements. Failure to meet the duty of care can result in legal liability and reputational harm to the director and the corporation.

Duty of Care Means That a Director Has a Legal