Explore legal duties of directors under Indian corporate law.
Directors play a central role in governance. Their responsibilities have grown with rising stakeholder expectations and stricter laws.
Fiduciary Duties: Directors must act in good faith and in the best interest of the company.
Avoiding Conflict of Interest: Directors cannot engage in competing businesses or exploit corporate opportunities.
Duty of Care: Must act with due diligence, skill, and independent judgment.
Compliance Oversight: Directors are responsible for ensuring adherence to laws including CSR, ESG, and reporting norms.
Recent Cases: Courts have increasingly held directors personally liable for negligence.
Directors must balance shareholder value creation with legal and ethical responsibilities.