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Lim Weng Kee v Public Prosecutor
[2002] SGHC 193; [2002] 2 SLR(R) 848
Key Principle
The statutory duty of reasonable diligence under s 157(1) of the Companies Act is measured by an objective standard - the care, skill and diligence of a reasonable director in the same position - which is not lowered for personal inadequacy and is raised where a director holds out or possesses special expertise.
Area of Law
c
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