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WebThe duty of care is a fiduciary duty requiring directors and/or officers of a corporation to make decisions that pursue the corporation’s interests with reasonable diligence and prudence. This fiduciary duty is owed by directors and officers to the corporation, not the corporation’s stakeholders or broader society. WebA duty of care is a legal responsibility imposed on an individual under tort law that requires them to follow a level of reasonable care when conducting any acts that could endanger others. The standard duty of care mandated by the Safety, Health, and Welfare at Work Act of 2005 requires an employer to do everything 'reasonably possible' to ... WebDec 1, 2024 · Duty of care refers to the general expectation that a board member acts in ways considered to be ethical, moral, and legal in society. Standard of care is generally used as a yardstick to determine a party's … technological development in the philippines